CHECK TO PROFITEERING
ACTION IN BRITAIN SMALL RISE IN PRICES (British Official Wireless.) Reed. 9 a.m. RUGBY, Sept. 22. Asked in the House of Commons for a statement on the Government’s plans to exempt profiteering, Mr. Oliver Stanley, the President of the Board of Trade, stated that the war had caused an immediate and unavoidable price rise in a number of classes of goods. In many cases firms were ’ voluntarily limiting the rise to the smallest possible increase. In some cases no increase had been passed on to the consumer. In other cages there were cons,idef/abile increases not justified by war conditions. The Government felt it essential to be armed with powers to deal witli such cases, even though business people apparently had a good sense of national spirit, as already displayed by the great majority in the trading community, and the exercise of tile powers might prove unnecessary. The Government had accordingly decided’to introduce measures aimed at the prevention of profiteering, and the precise form was now under consideration.
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Bibliographic details
Gisborne Herald, Volume LXVI, Issue 20050, 23 September 1939, Page 4
Word Count
170CHECK TO PROFITEERING Gisborne Herald, Volume LXVI, Issue 20050, 23 September 1939, Page 4
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