WAGES & PRICES
INFLATION DANGER SEEN IN BRITAIN. NEED OF COMBINED ACTION. (British Official Wireless.) RUGBY, November 27. The ever present shadow of inflation is again in the mind of economic experts in Britain with the forthcoming hearing by the National Arbitration Tribunal of a claim for a wage increase by the shipyard workers and engineers. The Government some time ago issued a statement of policy on price stabilisation. The National Arbitration Tribunal was set up in peace time to deal with the issue on the facts before it and can have no concern with public policy in the matter.
“The Times” says: “The responsibility for a major decision of policy cannot be placed on the shoulders of an arbitral tribunal appointed for quite other purposes. The danger of rising costs and price movements again appears. Along with emphatic agreements on the evils of inflation there is failure to agree on methods of prevention and until there is an agreement culminating in a wages policy the country is in danger of drifting into perils which all fear and yet cannot combine to avoid.”
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Wairarapa Times-Age, 29 November 1941, Page 7
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182WAGES & PRICES Wairarapa Times-Age, 29 November 1941, Page 7
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