ON UPGRADE
TRADE CYCLE IN BRITAIN INTERNATIONAL UNCERTAINTY ONLY DRAWBACK WAGES LEVEL MAINTAINED I British Official Wireless! RUGBY, 19th January. Mr R. S. Hudson, Parliamentary Secretary for Overseas Trade, surveyingl trade prospects, said that unless war supervened the trade cycle now seemed to be definitely on the upgrade. The only thing that was really impeding recovery was the continued international uncertainty. The fall of prices seemed to have ceased, and many of Britain’s chief customers were beginning to get better value for their products.
Another hopeful sign was the high level of retail trade last year. It had increased by 7 per cent, in 1937. compared with 1930, and 7 per cent, in 1936, compared with 1935. In 1938 it continued to rise, though only slightly.
The wages level was maintained and the cost of living, after a rise, had started to fall again. The improvement in the United States of America, on which people in Britain were very dependent, also seemed to be real.
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Bibliographic details
Nelson Evening Mail, Volume LXXII, 21 January 1939, Page 5
Word Count
165ON UPGRADE Nelson Evening Mail, Volume LXXII, 21 January 1939, Page 5
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