Reflections of an Ex-Magus

S. R. Dennison and John R. Presley
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S. R. Dennison: University of Hull
John R. Presley: Loughborough University

Chapter 7 in Robertson on Economic Policy, 1992, pp 95-115 from Palgrave Macmillan

Abstract: Abstract On 25 July 1957, the Chancellor of the Exchequer (Mr Peter Thorneycroft) announced in the House of Commons that the Government had decided to set up a Council on Prices, Productivity and Incomes with the following terms of reference: Having regard to the desirability of full employment and increasing standards of living based on expanding production and reasonable stability of prices, to keep under review change in prices, productivity and the level of incomes (including wages, salaries and profits) and to report thereon from time to time. On 1 August, the Chancellor wrote to Robertson to say that the Prime Minister hoped that he would accept appointment as a member of the new Council. He said that it would be ‘quite a small body’ with (in confidence) Lord Cohen (Lord of Appeal) as Chairman, and ‘no more than two or three other members’. He added that the work should not make ‘too heavy demands on your time’, and suggested that they should have a talk before reaching a decision.

Keywords: Wage Rate; Trade Union; Full Employment; Money Income; Wage Policy (search for similar items in EconPapers)
Date: 1992
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DOI: 10.1007/978-1-349-12501-2_7

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