Results 1–20 of 4486 for speaker:Mr Anthony Barber

Industrial and Economic Situation (6 Feb 1974)

Mr Anthony Barber: On 17th December I announced to the House reductions in public expenditure which will cut back demand in the coming financial year by some £1,200 million. That was in addition to the reimposition of hire-purchase and other credit controls. In the debate which followed, it was clear that there were some who underestimated the magnitude of the action which we had taken. In fact, the action...

Industrial and Economic Situation (6 Feb 1974)

Mr Anthony Barber: I shall deal later with the effect of the increased oil prices on demand. I was saying that the cause of the non-oil deficit is in part the short-term adverse effects of the depreciation of sterling, but it is mainly due to the unprecedented increases in the world prices of food and raw materials. In the autumn before the increase in the price of oil, there was—and still is—reason to...

Industrial and Economic Situation (6 Feb 1974)

Mr Anthony Barber: I mentioned at the outset of my speech—for the obvious reason that I wanted people such as the hon. Gentleman to know—the sequence in which I would deal with these matters. I shall come to the miners' dispute later. I should like to deal with it comprehensively. I was saying that with the curtailment of power supplies industry has been maintaining outputs at about 70 per cent. of normal....

Industrial and Economic Situation (6 Feb 1974)

Mr Anthony Barber: It is generally agreed—certainly on the two Front Benches—that we should borrow to cover the cost of the higher oil prices. Inevitably we shall also run some balance-of-payments deficit apart from oil; and we shall also, as the right hon. Member for Leeds, East agrees, need to borrow to cover part of that. It is obviously of particular importance in the difficult days which lie ahead to...

Industrial and Economic Situation (6 Feb 1974)

Mr Anthony Barber: The right hon. Member for Leeds, East has proposed an increase in income tax. He has proposed special taxes on consumer durables like TV sets and washing machines. He has suggested an increased car tax, and possibly an increase in the tobacco duty. Only a week ago he suggested a payroll tax. As he has made it clear that a Labour Government would also keep VAT, we are entitled to ask whether...

Industrial and Economic Situation (6 Feb 1974)

Mr Anthony Barber: The hon. Gentleman has made a valid point. I am in agreement with him on the point that there is inevitably a differential between the fall in output and the fall in personal expenditure that tends to operate on demand in one way, but there are also other factors, such as increased oil prices and the action announced on 17th December, which tend to operate in the other way. Therefore, it is...

Industrial and Economic Situation (6 Feb 1974)

Mr Anthony Barber: The point is simple. As far as the oil prices are concerned, the consequence of the staggering increase in oil prices at present will be to put up prices in this country. The consequence of that will be to depress consumer demand. The point I am making—with which I am sure my right hon. Friend the Member for Wolverhampton, Southwest (Mr. Powell) will agree from his own experience at the...

Industrial and Economic Situation (6 Feb 1974)

Mr Anthony Barber: It depends entirely on the threshold. If the threshold is triggered, this is bound to that extent to increase demand because of the increase in pay as a result of the policies we put forward. I would have thought that that was understood and accepted by everyone. I was making the point that if all incomes policy were abandoned, as I understand is proposed by the Opposition, a much bigger...

Industrial and Economic Situation (6 Feb 1974)

Mr Anthony Barber: Perhaps I can explain once again to my hon. Friend. As far as increasing prices are concerned, obviously if prices of imported goods go up, in that sense it is bound to add to inflation. On the other hand, it is also perfectly true and is self-evident that when prices go up it also tends to depress demand in the country and tends to depress output.—[HON. MEMBERS: "Oh."] It is a...

Industrial and Economic Situation (6 Feb 1974)

Mr Anthony Barber: The Opposition's policy, which would apply only to prices and profits and would duck completely the problem of wage and salary costs, would be bound to fail because it is sheer illusion to pretend that prices can be controlled without controls over pay. The Opposition argue that their policy would avoid the difficult problem of persuading working people to accept moderation and restraint in...

Industrial and Economic Situation (6 Feb 1974)

Mr Anthony Barber: There are other groups, as the right hon. Gentleman knows. I will mention one in particular. I will not disclose in detail the conversation which we had across the table at No. 10 on this point, but if the right hon. Gentleman would like to inquire from the TUC —I am sure that my right hon. Friend the Prime Minister would have no objection—about the discussions we had on the railway...

Industrial and Economic Situation (6 Feb 1974)

Mr Anthony Barber: I have a lot more to say on this subject. On the same day on which that decision to go to a ballot was taken there was published the report on the problems of pay relativities which the Government had asked the Pay Board to prepare. We made that request in March last year. As soon as that report could be printed it was sent to the TUC and the CBI with an invitation to discuss it as soon as...

Industrial and Economic Situation (6 Feb 1974)

Mr Anthony Barber: I will come to that in a moment. My right hon. Friend made it clear to the Leader of the Opposition that we saw no reason why the necessary procedure and machinery should not be agreed and brought into operation quickly, if necessary by appointing a body such as a Royal Commission to deal with this in the first instance. On 30th January there was a speech of considerable significance by Mr....

Industrial and Economic Situation (6 Feb 1974)

Mr Anthony Barber: I am obliged. I am happy to give way to the hon. Member for Liverpool, West Derby (Mr. Ogden).

Industrial and Economic Situation (6 Feb 1974)

Mr Anthony Barber: I think it was right that my right hon. Friend should respond to the suggestion made by the Leader of the Opposition at that time, and also to the suggestion made by many others, including Mr. Hugh Scanlon when he made his speech on the day on which my right hon. Friend the Prime Minister made his proposals.

Industrial and Economic Situation (6 Feb 1974)

Mr Anthony Barber: No. I am not giving way again.

Industrial and Economic Situation (6 Feb 1974)

Mr Anthony Barber: I will help the hon. Gentleman, Mr. Deputy Speaker.

Industrial and Economic Situation (6 Feb 1974)

Mr Anthony Barber: I will answer my own rhetorical questions, Mr. Deputy Speaker. The next rhetorical question I shall put is: who has done best for the coal miners—the Labour Government or the Conservative Government? The fact is that over five years of Labour government the pay of the coal miners rose by an average of 1 per cent. a year faster than the cost of living. In the first three years of the...

Industrial and Economic Situation (6 Feb 1974)

Mr Anthony Barber: Instead of accepting that advice the Opposition have been doing all they can to stir up envy and hatred. That is true. They have steadfastly refused to encourage the miners to return to normal working and have instead been encouraging them to continue their industrial action. The result of their efforts can only have been to prolong the three day week and to intensify the inconvenience and...

Industrial and Economic Situation (6 Feb 1974)

Mr Anthony Barber: The single biggest change that puts up prices in this country is the increase in oil prices. Does the right hon. Gentleman agree with his right hon. Friend the Leader of the Opposition that the taxation on petrol should be cut?


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