U.K. move to hold prices
| NZPA-Reuter London ■ The British Labour Gov-; :ernment has announced ; plans for new controls on I prices that it hopes will! ’encourage trade union lead-) !ers to accept a third year of; ■restraint on wage rises. j The new measures, de-1 jvised by the Prices Secre-I i tary (Mr Roy Hattersley), j [give the Government’s price' I commission more scope ini assessing whether a com-| ipany is making too much; , (money. ■| It will also have new! (powers to investigate thej of any company it! '(suspects is overcharging’ for! ■ its products or services. ! Union leaders at present! (negotiating the third year of; -ja voluntary agreement with! the Labour Government toj ! restrict wages increases, (have demanded tighter con-! ijtrols on prices. i Mr Len Murray, leader ofh 'the Trades Union Congress, (has welcomed the new! ’prices policy, which the; Government hopes will be! I voted into effect by Parliament before the 1973 Prices!; I Act expires ' i August. j But shopkeepers, the Con-1; [federation of British In-11 (dustry, and the Opposition |i (Conservative Party have alii! {said that the controls are! ■ unacceptable. |l
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Press, 24 February 1977, Page 7
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185U.K. move to hold prices Press, 24 February 1977, Page 7
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