HC Deb 25 July 1977 vol 936 cc3-4W
29. Mr. MacGregor

asked the Secretary of State for Prices and Consumer Protection what representations he has received on the Consultation Document Prices Policy, Command Paper No. 6861.

Mr. Hattersley

I have received representations from industry urging relaxations both in the margin controls and in the safeguards under Clause 9 of the Price Commission Act. I have also been urged by representatives of consumers and wage earners to ensure that the safeguard regulations are not so closely related to historic levels of profit as to undermine the effectiveness of the prices policy.