INFLATION DANGER
British Experts Concerned
(Rec. 9.33 pan.) RUGBY, Nov. 27. The ever present shadow of Inflation is again in the mind of economic experts here with the forthcoming hearing by the National Arbitration Tribunal of a claim for a wage increase by the shipyard workers—which will be heard to-morrow—and a similar claim by engineers. The Government some time ago issued a statement of policy on price stabilisation. At tire same time the National Arbitration Tribunal was set up in peace time to deal with the issue on the facts before it and can have no concern with public policy in the matter. “The Times” says: “The responsibility for a major decision of policy cannot be placed on the shoulders of an arbitral tribunal appointed for quite other purposes. The danger of rising costs and price movements is again increasing. Along with emphatic agreement on the evils of Inflation there is failure to agree on methods of prevention and until there is an agreement culminating in a wages policy the country is in danger of drifting into perils which all fear and yet cannot combine to avoid.”
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Bibliographic details
Timaru Herald, Volume CL, Issue 22133, 29 November 1941, Page 5
Word Count
187INFLATION DANGER Timaru Herald, Volume CL, Issue 22133, 29 November 1941, Page 5
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