HC Deb 01 April 1977 vol 929 cc285-6W
Mr. Wigley

asked the Secretary of State for Prices and Consumer Protection if he will define the term "socially accountable" in the context of his Consultative Document on Price Control after 31st July 1977.

Mr. Maclennan

Social accountability in the context of prices policy means that the Price Commission will in particular cases ask companies to explain their price increases or pricing policies in detail and will include these explanations, with their own assessment and recommendations, in reports which will be published.