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Engineering and Shipbuilding Indusries (Reports)

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 9th May 1957.

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Photo of Mr Cyril Osborne Mr Cyril Osborne , Louth Borough 12:00 am, 9th May 1957

asked he Chancellor of the Exchequer if he will make a statement on the recommendations of the courts of a 5 per cent. wage increase throughout the engineering and shipbuilding industries, even though the courts admit this will be inflationary, and therefore, contrary to the Government's declared policy.

Photo of Mr Nigel Birch Mr Nigel Birch , Flintshire West

I do not think it would be helpful to add at this stage to the statement made by my right hon. Friend the Minister of Labour on 7th May.

Photo of Mr Cyril Osborne Mr Cyril Osborne , Louth Borough

Would my right hon. Friend say whether it is possible to control inflation if higher wages are paid for the same amount of work?

Photo of Mr Nigel Birch Mr Nigel Birch , Flintshire West

I hope that this question, asked in connection with the Courts' Reports, may prove to be hypothetical.

Photo of Mr Douglas Jay Mr Douglas Jay , Battersea North

Will the right hon. Gentleman at least tell us whether it is still Government policy that there should be restraint in the payment of dividends?

Hon. Members:

Answer.

Photo of Mr Nigel Birch Mr Nigel Birch , Flintshire West

The general policy of restraint still stands.