§ Mr. Moonmanasked the Chancellor of the Exchequer whether he can give an assurance that when the Government introduce their new pay policy the transitional arrangements envisaged by the Prime Minister in his statement of 3rd July will include a provision that arbitration awards made under the terms of the present social contract will be honoured, even though these awards are not due to take effect until after the commencement of the new policy.
§ Mr. Joel Barnett,pursuant to his reply [Official Report, 10th July 1975; Vol. 895, c. 233], gave the following information:
Transitional arrangements are covered in the Government's White Paper, which was published today.