STABILISATION
j NECESSITY IN BRITAIN PRICES AND WAGE POLICY LONDON", July 13. financial circles now believe a • firm I wages policy ami pegging of Vila cost of i living are essential .preliminaries to a j cheaper borrowing programme. The Government is believed to be getting 1 down seriously fo the problem of stabilisj nig price* and wages. The Labour representatives are apparently demanding a [quid pro quo for any national wage j stabilisation. '1 hey desire nil extension of | rationing over all essential commodities. [ with an adjustment in wages for lower paid workeiw. also a more drastic limitation of profits and dividends. _ City circles reply that the Excess Profits Tax . has already severely limited the remuneration of capitalistic and. shareholders, who, unlike the workers, have generally not received compensation for the rise in living costs. However, flic fear of inflation is so great that responsible financial organs seem prepared to accept j a limitation of dividends if this is neees-1 sary to secure Labour's agreement to wage stabilisation.
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Bibliographic details
Auckland Star, Volume LXXII, Issue 164, 14 July 1941, Page 3
Word Count
168STABILISATION Auckland Star, Volume LXXII, Issue 164, 14 July 1941, Page 3
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