Prices (Efficiency Criterion)

Oral Answers to Questions — Oral Answers to Questions – in the House of Commons at 12:00 am on 5th December 1977.

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Photo of Mr Michael Shersby Mr Michael Shersby , Hillingdon Uxbridge 12:00 am, 5th December 1977

asked the Secretary of State for Prices and Consumer Protection whether he is satisfied with the operation of the criteria for efficiency under Section 2 of the Price Commission Act.

Photo of Mr Michael Shersby Mr Michael Shersby , Hillingdon Uxbridge

Why are investigations being concentrated on successful and efficient companies in the private sector instead of, for example, on British Leyland and the British Steel Corporation?

Photo of Mr Robert Maclennan Mr Robert Maclennan Parliamentary Under-Secretary (Department of Prices and Consumer Protection)

A number of investigations are under way in the public sector at present, including the proposed price increases of the British Railways Board, the Central Electricity Generating Board, the Electricity Council and the South-West Electricity Board. The Price Commission, in choosing its first candidates for investigation, has succeeded in demonstrating even-handedness as between the public and private sectors.