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WAGES SITUATION AND INFLATION. Memo. by Chancellor of the Exchequer.

17 Jan 1942

It is, indeed, not too much to say that the main war-time domestic policy of the Government is to-day dependent on what happens in the sphere of wage-rates, on the wages claims that are made, and on the manner in which they are dealt with. We must recognise that it is really illogical in these circumstances to continue to treat the determination of wages as a private affair for employers and employed, with which the Government has no concern so long as a stoppage of work is avoided. It is not necessarily on that account unwise to treat it so, In this country, illogical arrangements are often justified by their results None the less, it is important to appreciate that our present arrangements with regard to wages are fundamentally anomalous, It is not easy to answer the criticism that it is absurd to attempt to secure stability by controlling prices and leaving wages uncontrolled.
subsidies infrastructure inflation cost of living employment government departments industry interest rates peace price controls wages british economy preparations for war nationwide material supplies the wartime economy lord president's committee hm treasury
Civil Defence Region
Nationwide
Collection ID
CAB71
Document Reference
CAB 71/8/15
Document Types
Memorandum
File Reference
CAB 71/8
Former Department Reference
LP(42) 13
Identifier
10.1080/wtss.cab71.000008.015
Keywords
British Economy Employment Government Departments Inflation Interest Rates Material Supplies Price Controls Subsidies Wages
Language
English
Organizations Discussed
HM Treasury Lord President's Committee
Pages
4
Published in
United Kingdom
Series
Papers Nos. 1(42) - 105(42)
Themes
Industry Infrastructure Preparations for War Peace Wages Cost of Living the Wartime Economy

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