Manufacturing Industry Costs

Part of Oral Answers to Questions — Prices and Consumer Protection – in the House of Commons at 12:00 am on 11th October 1976.

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Photo of Mr Robert Maclennan Mr Robert Maclennan Parliamentary Under-Secretary (Department of Prices and Consumer Protection) 12:00 am, 11th October 1976

The decline in the value of sterling is certainly a major factor, and the unacceptable trend in the figure, in so far as one month's figure can be expressed in that way, is due largely to changes in the price of food.