WAGE-PRICE SPIRAL
Trade Union Comment
(British Official Wireless.)
RUGBY, January 17.
The report of the Trades Union General Council denies responsibility for starting what has been called a vicious spiral and which, it has been suggested, might, if unchecked, develop on the lines which occurred in the last war when wages tried in vain to catch up with the rise in food prices. Recalling the address by the Chancellor of the Exchequer, Sir John Simon, to the joint advisory council emphasizing the desirability of avoiding a spiral, the report notes that individual unions and not the council itself were responsible for negotiations over wages, 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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Dominion, Volume 33, Issue 98, 19 January 1940, Page 10
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138WAGE-PRICE SPIRAL Dominion, Volume 33, Issue 98, 19 January 1940, Page 10
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