§ Mr. Arthur Lewisasked the Secretary of State for Employment what evidence relating to company directors increasing their salaries led to his decision to change the rules for company directors under phase 3 of the incomes policy.
§ Mr. Chichester-ClarkI assume that the hon. Member is referring to profit-related payments covered by paragraph 159 of the Price and Pay Code, although this does not apply solely to company directors. Paragraph 159 was introduced as a result of an investigation following the undertaking given by my right hon. Friend the Prime Minister on 16th October.—[Vol. 861, c. 25.]