position
схи
(live major
listik concerns appear our t share the
viris if the
BTER); In punts were
stocks are not intended for immediate sale
provide their own economic brake. And again.
the Crosland Safeguard formula cản be
invoked.
11.
One has sympathy for the DL's desire
Im to help Lancashire but we should hold to
our belief that the reflationary measures
taken this year should increase consumption
and reduce employment. We should not be
driven
merland panic-stricken into a policy of protectionism
at the behest of a small group of textile
Aortaver
manufacturers. And, since the proposed
wie Chan wadd
DTI policy would ontinue to allow at Teast
the current level-of-imports, It would
S
nat help Igneashire.
Jone
Tyon if theyPIAA,
this must be one of the key elements to
provide the pressure to get rid of the less
viable firms. While there is some evidence
to show that imports may respond more
f
quickly to demand than domestic production,
we believe that the latter should revive
by mid-1972. Although overseas suppliers
have clearly controlled prices better in
the past than UK producers (a relative
difference of 20% from 1968-1970), there
is some sign that price increases since
December 1970 have been at about the same
level for both foreign and British textile
suppliers.
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