CONTROL OF WAGES
‘Wrong in. principle’ (N.Z. Press Assn.—Copyright) LONDON, Nov. 9. The Chancellor of the Exchequer (Mr Anthony Barber) has indicated that the Government has no intention of imposing a wage-freeze or price-control in dealing with the country’s economic problems.
Mr Barber said in an interview published yesterday that he believed that to attempt to control wages, and prices for that matter, by statute was wrong in principle. He went on to say that the previous Labour Government’s attempt at control had shown these measures to be a failure.
The interview, between Mr Barber and Harold Evans, editor of the “Sunday Times” and Peter Wilsher, editor of “Business News,” took up a full page of the “Sunday Times.”
Mr Barber alleged that the Labour Government had tried to abandon its wage-freeze policy. He said it had found that Ministers and officials had neither the experience nor the expertise to deal with the thousands of industrial settlements needed. Mr Barber added that he thought the Labour Government was “absolutely right” to abandon control of wages and prices, despite the fact that a flood of wage demands followed.
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Bibliographic details
Press, Volume CX, Issue 32450, 10 November 1970, Page 19
Word Count
187CONTROL OF WAGES Press, Volume CX, Issue 32450, 10 November 1970, Page 19
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