Prices Commission (UK)

The Prices Commission was set up in the UK under the Counter-Inflation Act 1973, alongside the Pay Board, in an attempt to control inflation. The Conservative government of Edward Heath, elected at the 1970 UK general election, had previously abolished the Prices and Incomes Board in November 1970, shortly after taking power, relying on competition to keep prices down. At the same time, the Industrial Relations Act 1970 was intended to rein in the trades unions.

单词	Prices Commission
释义	Prices Commission 英语百科 Prices Commission (UK) The Prices Commission was set up in the UK under the Counter-Inflation Act 1973, alongside the Pay Board, in an attempt to control inflation. The Conservative government of Edward Heath, elected at the 1970 UK general election, had previously abolished the Prices and Incomes Board in November 1970, shortly after taking power, relying on competition to keep prices down. At the same time, the Industrial Relations Act 1970 was intended to rein in the trades unions.
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