The economy
Sir. — Apart from the dreadful thought of more unemployment, I feel that the theme of your leading article last Thursday rather misses the point. Why throw the ball into the employees’ court and make it appear that only they by sacrifice of wage increases, can dampen the inflationary trends? It is a strange thing about metropolitan newspapers, that over all they can see no fault in the commercial and retail sectors. I said in these columns some months ago that the present Government does not appear to have any effective price control, yet as soon as they were elected the Minister of Trade and Industry told manufacturers and retailers that they could expect greater profit margins. Has this fact escaped the news media as a cause of inflation? Mr Muldoon told us last January that the family man would hardly notice the readjustment to the economy. Was this true? Little wonder Parliament is not called together. — Yours, etc., R. A. COOK. April 15, 1976.
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Press, Volume CXVI, Issue 34131, 19 April 1976, Page 12
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166The economy Press, Volume CXVI, Issue 34131, 19 April 1976, Page 12
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