Coherent Identifier About this item: 20.500.12592/p3jbd0

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

17 January 1942

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Summary

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.

Tags

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
Themes
Industry
Infrastructure
Preparations for War
Peace
Wages
Cost of Living
the Wartime Economy

Topics