Catalogue description Council on Prices, Productivity and Incomes: Minutes, Submissions and Reports

The Council on Prices, Productivity and Incomes was set up in August 1957, with the following terms of reference:

"Having regard to the desirability of full employment and increasing standards of life based on expanding production and reasonable stability of prices, to keep under review changes in prices, productivity and the level of incomes (including wages, salaries and profits) and to report thereon from time to time".

The council's first report was published in February 1958; the second report in August 1958; and the third report in July 1959.

For a period of nearly a year after the publication of the third report the council was in abeyance and it was uncertain whether it would continue to exist. In May 1960, however, the Chancellor of the Exchequer announced that the Council was to be reconstituted under a new chairman. The fourth report was published in July 1961.

The Council on Prices, Productivity and Incomes was formally wound up in January 1962.