Price Stabilisation (Coal Price Increase).

Part of Oral Answers to Questions — National Finance. – in the House of Commons on 7th July 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 increase in the cost of coal to steelmakers will raise the price of steel by 7s. 6d. per ton and cause a new spiral in all costs of armaments and the cost of living, which will in the end be paid by the Government; and whether he will consider covering the initial increase by a subsidy and thereby stabilise prices with a resultant saving to the Exchequer?