COST OF LIVING
EFFECT OF DEVALUATION . (Rec. 9.15 a.m.) LONDON, Nov. 13. Devaluation would mean a rise in the cost of living estimated at 10 per cent., says a statement issued by the 'Communist Party, asserting that the -workers of Britain now face the biggest threat to their wages since the 1930’5. ... . ,-The statement adds: “The cuts m subsidies announced by Mr Attlee will mean further increases in food prices. Unless increased wages are fought for and secured, the prospect is that millions of workers will suffer reductions in real wages of 10 to 15s a week in coming months.” The statement urged workers m other industries to follow the example of the Confederation of Shipbuilding and Enginemen’s Union, which had decided to press its claim for a wage increase of £1 a week. “Let them resist attempts now being made to lengthen the'working week with or without overtime payments. These attempts are being made to try to avoid increasing wages, and will accelerate the growth of unemployment.”
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Ashburton Guardian, Volume 70, Issue 29, 14 November 1949, Page 5
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168COST OF LIVING Ashburton Guardian, Volume 70, Issue 29, 14 November 1949, Page 5
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