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 Sally Oppenheim Mrs Sally Oppenheim , Gloucester 12:00 am, 12th April 1976

Is the right hon. Lady aware that the Opposition wish to be associated with the warm congratulations offered to her? Is she further aware that in these days of "Women's Lib" we are reassured that she has not announced that she wants to be known as "Pay person-General"? But, however warm and sincere our congratulations on a personal level, they cannot be extended to the right hon. Lady's record on prices over the past two years.

Is the right hon. Lady aware that my hon. Friend the Member for Maldon (Mr. Wakeham) was making it clear that it was not Britain but the Government of whom he was speaking? Is it not disturbing that the rate of increase over the past three months is more than twice the average of our main competitors at a time when wage costs and raw material prices were quite stable? Since there has been a drastic reduction in the value of the pound, is the right hon. Lady still confidently predicting that price rises will have been brought to below 10 per cent. by the end of the year on the normally calculated basis?