Retail Prices

Part of Oral Answers to Questions — Prices and Consumer Protection – in the House of Commons at 12:00 am on 12th April 1976.

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Photo of Mrs Shirley Williams Mrs Shirley Williams , Hertford and Stevenage 12:00 am, 12th April 1976

The hon. Gentleman must be aware that there has been no precedent for a rate of inflation in the whole industrial world like that which has taken place since the rise in oil prices in 1973 and the commodity price boom which went with it. It is not helpful to the country nor to an understanding of our problems to pretend that this situation is unique to the United Kingdom, because it is not.