might well be a rise of several points in the index above the level corresponding to the figure of 130 mentioned in the Budget Speech - with results which would, I fear, be far-reaching. Any substantial rise in the Index would bring in its train automatic wage adjustments under existing industrial agreements for 31/2 million workpeople which would be quickly followed by irresistible demands for corresponding increases over the rest of the wage field. The purely budgetary cost of the consequential rise in wages of persons directly and indirectly employed by the Government might well exceed the £m20 which would have been saved on subsidies.
- Civil Defence Region
- Nationwide
- Collection ID
- CAB71
- Document Reference
- CAB 71/5/38
- Document Types
- Memorandum
- File Reference
- CAB 71/5
- Former Department Reference
- LP(41) 194
- Identifier
- 10.1080/wtss.cab71.000005.038
- Keywords
- Agricultural Workers Agriculture British Economy Cost of Living Freight Shipping Inflation National Budget Prices Public Morale Subsidies Transportation Wages
- Language
- English
- Organizations Discussed
- Agricultural Wages Board HM Treasury Lord President's Committee
- Pages
- 2
- Published in
- United Kingdom
- Themes
- Industry Infrastructure Wages Cost of Living the Wartime Economy
