2 February 1971
Tony Barber, the Chancellor of the Exchequer, said that large inflationary pay increases must stop and said that it was the Government’s biggest current problem. Barber rejected the idea of a prices and income freeze, but added that “the Government would not let things rip as Labour had done”.
Ministers refused to rule out charges to use libraries and visit museums as part of their reforms of local Government which were being planned. It was also suggested that local authorities would no longer be allowed to have trading functions, such as catering.
Ford said that they were “extremely concerned” as an unofficial strike brought car production to a halt, costing the company £2 million in just the first day of industrial action.