§ Mr. Nicholas Wintertonasked the Secretary of State for Prices and Consumer Protection what she estimates is likely to be the increase in the cost of living when the price check scheme ends.
§ Mr. MaclennanThe main influence on the cost of living in the latter part of 1976 will be the continued restraint on pay. The annual rate of inflation has fallen markedly since February, when the Price Check Scheme was introduced, from 22.9 per cent. to 15.4 per cent. last month; and the Government expect the fall to continue.