VICIOUS SPIRAL
WAGES AND PRICES
TRADES UNION COMMENT
fßritish Official Wireless.)
(Received January 18, 11.30 a.m.)
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 Chancellor of the Exchequer's address to the joint advisory council emphasising 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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Bibliographic details
Evening Post, Volume CXXIX, Issue 15, 18 January 1940, Page 8
Word Count
140VICIOUS SPIRAL Evening Post, Volume CXXIX, Issue 15, 18 January 1940, Page 8
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