Gorton Sets Out Australia's Inflation Challenge
The Prime Minister outlines how 1970 price rises and a 1.4 percent wage award threaten inflation. He calls for reducing government spending, cautious credit, and restraint in private investment, while stressing that wage and tax actions must align with production growth to avoid higher prices. He warns against abrupt tax or rate hikes and urges a balanced plan with long-term inflation control.
MENTIONED IN THIS ARTICLE
Arbitration Commission
Coly
Australia
Sion
Timitetrans
Byion U
ANU
T. W. Swan
Gorton
Swan
Australian speech sparks wage and price debate
Shadow treasurer Crean argues wages sustain most incomes and consumer spending, urging arbitration over wages while noting prices lie outside wage control. He suggests stronger price regulation and a tougher Trade Practices Tribunal, criticizing government stance and highlighting producers and productivity in the economic mix.
MENTIONED IN THIS ARTICLE
FP. Crean Tale
Sand
Garfon
Australia
Arbitration Commission
Trade Practices Tribunal
Crean
Crofton
Gorton
Ian
Gov
Mani
Mori H. Pavester
Melati
Iis
Forster
Svanegoals
Jqnat
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England
Linars
Southern Cross
Northern Star
Comalt Wour
Iocal
Mwrealth
Kent
Canberra
Australian Capital Territory
Northern Terrisey
Department of Education and Science
Canberra City
A.ct
Mr Gorton
New Pri
Jeu
Hich
Enine
Singapore
Owen
Javier Dey
Dleran
Consi
Oramt
Eral Elt
Interna Uise
Uns
Yma Arya Heliew
Civen
Beazley
Bruce
Holden
Mort St. Braddon
HK Auto Holden
Holden “Monaro
Kingswood
Food Ali
HR Auto
Jocar
T. Rego
Lonsdale St
Braddon
EE Whith
Long Rego
Long Aclt. Rege
A. Co. vi
Phill Higgs
Jim Collins
Hove
HD Holde
Morris
A.C.T
Rego
Dave Jordan
Rao, Meer
EJ Auto
Cheapies
Falcon
EJ Sedan
Sega
Ian Face
George Simmons
Tony Baddock
Valiant
Lins
Melbourne
ACTU
R. J. Hawke
Opportunity Bank
ANZ Banking Group
Nog
ANZ
Inn
International Ba Travel Investments
Sydney
Show
Cooper Brothers & Co
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