POST-DEVALUATION POLICY IN BRITAIN: LABOUR SPLIT DENIED

Greymouth Evening Star, 12 November 1949, Page 5

POST-DEVALUATION POLICY IN BRITAIN: LABOUR SPLIT DENIED

LONDON, Nov 10.—The general secretary of the Trade Union Conr gress (Mr Vincent Tewson) has denied that the Labour movement is split over the post-devaluation policy, i Writing in Labour the monthly organ of the congress, Mr Towson said: “Efforts have been made to manufacture political capital out of the admitted difficulties that the trade unions have to cope with m deciding a policy on the effects of devaluation. These difficulties do not arise from any divergence of view i between the Gbvernment and _ the 'unions on the necessity of devaiua- ■ tion.” ■ . i Mr Tewson said that the general I council of the congress and the special economic committee were studyling the economic situation “with the [knowledge that the crisis is greater 'and more complicated than in 1931.” I ‘ He added: “The present emergency calls for the exercise of still greater restraint in any action by the unions that will’, have the effect of increasing , the pressure of inflationary .tendenj cies, and thereby frustrating the main purpose of devaluation. It is not so much a question of what must be done, but how it is to be done.”