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 Sir Kingsley Wood Sir Kingsley Wood , Woolwich West

As to the bearing of the increase in coal prices on the Government's stabilisation policy, I would refer my hon. Friends to the reply which I gave to the hon. Member for Moseley (Sir P. Hannon) on 2nd July. As regards steel prices, the effect on steel costs of the increase in the price of coal, and the question how it should be dealt with, must be discussed with the industry, in order that we may decide on the necessary measures. The Government considered but rejected the expedient of a direct subsidy to the coal industry to meet the increase of miners' wages.