Effort- To Reduce Prices And Profit's
LONDON, Sun. (11 a.m.).—The national standing committee on wholesale distribution, in a memorandum replying to the Government’s request to reduce prices and profits, states that wholesalers’ net profits are so small in proportion to consumers' prices that the contribution wholesalers can make is almost negligible. The memorandum nevertheless contains definite offers from some sections of the wholesale trade to reduce and freeze margins. The memorandum suggests reductions in direct and indirect taxation which tended to increase prices and reduce the real value of wages, and contends that any attempt to reduce prices apart from the purchase tax, must begin at some stage before wholesale distribution. This is the second big trade group to reply to the Govei'nment’s plan. * The Federation of British Industries, the Association of British Chambers of Commerce and National Union of Manufacturers, in a joint reply on Friday, recommended increased productivity, reduction and stabilisation of wages, and limitation of dividends.
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Northern Advocate, 15 March 1948, Page 3
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159Effort- To Reduce Prices And Profit's Northern Advocate, 15 March 1948, Page 3
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