NPC price-control proposals
The Minister had asked the National Prices Commission to scrutinise price-increase applications more vigorously, but its response was delayed and the proposals and any revised guidelines remained confidential pending consideration by the Government.
asked the Minister for Industry, Commerce and Energy the detailed proposals which were put by him to the National Prices Commission according to an official statement of 29th July 1977; and the revised guidelines, if any, now in operation by the NPC for the purpose of price control.
Comment on this
The proposals which I put to the National Prices Commission at a meeting on 27th July, 1977, as the official statement referred to by the Deputy made clear related to more vigorous examination of applications for price increases. I am at present awaiting the response of the commission to my proposals. Until this is received and considered by me in consultation with my colleagues in the Government, it would be inappropriate to give details of my proposals, or to introduce revised guidelines.
Comment on this
Why the great secrecy relating to the guidelines in view of the very evasive nature of the various statements made by the Minister prior to the election about what he was going to do in regard to the Prices Commission? Now, apparently, the information cannot be disclosed.
Comment on this
As the review of price control procedures suggested by the Minister is still under consideration no details can be disclosed. It is impossible at present to anticipate decisions by the Government or the Minister on revised price control procedures. In the circumstances it is recommended that the details should remain confidential.
Comment on this
Can the Parliamentary Secretary say if the National Prices Commission have given any indication as to when their views will be forthcoming and, if so, if the National Prices Commission's views will be published in one of their monthly reports?
Comment on this
As the Deputy may be aware, the commission intended to report to the Minister on their proposals during September. However, due to circumstances outside the commission's control, the meeting of the commission did not take place until 6th October and the commission are now finalising this document and they hope their report will be communicated to the Minister at the earliest possible date.