HC Deb 17 April 1978 vol 948 cc46-7W
34. Mr. Hodgson

asked the Secretary of State for Prices and Consumer Protection to what extent the Price Commission is empowered to enforce the guidelines of the Governments pay policy.

Mr. Hattersley

When the Secretary of State for Employment certifies that a settlement is in breach of the pay limits set out in the Limits on Remuneration Order 1977, the Price Commission is required to discount the whole of the settlement for the purpose of applying the profit margin in the Price Code.