HC Deb 19 March 1973 vol 853 cc4-5W
33. Mr. David Steel

asked the Secretary of State for Trade and Industry what steps he is taking to control prices charged to retail shops by wholesalers for the supply of goods.

Mr. Emery

Under the standstill wholesalers are not allowed to increase their cash margins on the goods they sell to retailers. Under the stage 2 price controls wholesalers will have to maintain their gross percentage margins at the level of a recent base period. They will also be subject to the profit margin control.