Limitation Of Profits And Control Of Prices

Chronicle (Levin), 1 May 1948, Page 5

Limitation Of Profits And Control Of Prices

Received Fridav, S.50 p.m. . LONDON, April 30. It is how elear that tliere will be im clash between the Government and the Generai Couneil of the Trades Unioi. Congress over the policy 011 the limita tion of prolits and control of prices. The Generai Couneil has announeed tha: it is satislied with the measures iiitru duced by Sir Stafford Cripps and stateu that there were most encourag'ing in dieations that the policy of the Clian cellor in dealing with the limitation .)!' prolits and control of prices would ac complish its objeets. This declaraiion of eonfid^nce av:is made after eonsidering the .report 0; the special comniittee 011 the economu situation and its meeting with Sir Stafford Cnpps since the introduction of the Bndget. It presents, says Th--Tinies, an interesting contrast with tln criticism of the Budget policy '011 prolit expressed earlier in the T.U.C. organ, the Daily Ilerald.. Some trade union leaders were at iirst unhappv abou eertain features of the Budget, Ino oth.ers saw its merits more clearly aml evidently their view has now foumi generai support. The " enconraging indications", adds The Times, presum ablv refer to such things as reductionin prices carried oot by the coopenuiv: movoment and other retailers and tithe recent price reductions such as tha. of steel sheets. The couneil pointed out, however, that beeause of the uneertainty in external prices tlie probable eourse oi -doftiefttic prices and the cost of liviuv catinot yet be clearly estimated. Th. ■ special comniittee will examine the situation contimiously and the Couneil 'Will LtTviewsa the auovefnents of . priciu and proiit at least every three montlis.