WHEN the British Productivity Council launched its scheme in March for setting up local productivity committees in many parts of this country it was emphasised by Mr. Butler, Chancellor of the Exchequer, that there must be a great expansion of trade at competitive prices. It would require courage, drive and vision, he said. Although he was speaking in what is normally regarded as the close season for Chancellors it did seem then that he was conscious of the need for providing industry with a tangible incentive to expand production.
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