PRICES AND PROFITS.
Rigid Control Urged By Trades Union Council. LESSON OF LAST WAR. British Official Wireless. (Received 1 p.m.) RUGBY, January 17. A report of the Trades Union General Council denies responsibility for starting what has been called "a vicious spiral," which, it has been suggested, might, if unchecked, develop on the lines of that which occurred in the lost war when wages tried in vain to catch up with the rise in food prices. Recalling the Chancellor of the Exchequer's address to the Joint Advisory Council, emphasising the desirability of avoiding a "spiral," the report notes that individual unions and not the couhcil itself were responsible for wages negotiations, and adds that in order to prevent a "spiral" the council had pressed strongly for an extension of rationing to the greatest practicable limits and for the most rigid control of prices and profits.
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Auckland Star, Volume LXXI, Issue 15, 18 January 1940, Page 7
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145PRICES AND PROFITS. Auckland Star, Volume LXXI, Issue 15, 18 January 1940, Page 7
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