asked the President of the Board of Trade whether he is aware that manufacturers of motor tyres are using the Restrictive Practices Act, 1956, to hold up the retail price of tyres; and what action he proposes to take to follow up in this industry the former Chancellor of the Exchequer's appeal to manufacturers to lower prices.
I am informed that tyre manufacturers are availing themselves of Section 25 of the Restrictive Trade Practices Act, 1956. My right hon. Friend has no powers of control over the prices of tyres, but he would, of course, welcome any practicable reduction in prices.
Is it not a fact that the main tyre manufacturers are now at last wholly delighted with this Act because it has enabled them to maintain their prices much more easily than they could in the past?