PRICES AND COSTS
CONTROVERSY IN BRITAIN
Rec. noon. . RUGBY, January 26. The Minister of Agriculture, Mr. R. S. Hudson, opening a debate on agriculture in the House of Commons, entered a strong defence for the Government standpoint in a controversy which has arisen regarding the relation of prices to costs. The National Farmers' Union have pressed the farmers' contention that the Government is not implementing its 1940 pledge that "prices will be subject to adjustment to the extent of any substantial changes in the cost of Efoduction."
They argue that the recent wage increases, which have resulted in the increase of costs of some £15,000,000 annually place the Government under the obligation of increasing prices by a like amount.
The Government maintains, said the Minister, that prices already have been increased so as to cover, indeed more than cover, this £15,000,000. But the farmers do not admit that, any past increases in prices have any bearing on this specific addition to costs. — 8.0. W.
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Bibliographic details
Evening Post, Volume CXXXVII, Issue 22, 27 January 1944, Page 5
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164PRICES AND COSTS Evening Post, Volume CXXXVII, Issue 22, 27 January 1944, Page 5
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