Commodity Prices.

Oral Answers to Questions — National Finance. – in the House of Commons on 17th February 1942.

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Photo of Mr Alfred Edwards Mr Alfred Edwards , Middlesbrough East

asked the Chancellor of the Exchequer whether he is aware that the Government practice of allowing price increases conflicts with its declared policy of price stabilisation; and when he intends to begin a practical policy to prevent the inflationary spiral?

Photo of Sir Kingsley Wood Sir Kingsley Wood , Woolwich West

It is not the case that a rise in the cost of a controlled commodity involves a rise in the selling price. Each case is considered on its merits in the light of the policy of price stabilisation. I have explained on several occasions the substantial measures adopted by the Government in pursuit of that policy.

Photo of Mr Alfred Edwards Mr Alfred Edwards , Middlesbrough East

Is the right hon. Gentleman aware that the recent increase in the price of petrol will be paid almost entirely by the Government, and that an increase in the price of practically every other commodity will be the result?