THE INDEX FIGURE OF THE COST OF LIVING.
[To the Editor of the SPECTATOR.]
Sm,—Perhaps the political situation may afford scope, by agreement, for an inquiry which is, I think; badly needed and for which the time has arrived. I refer to an investigation into working-class expenditure with a view to the calculation of a new Index Number designed to show the changes in the cost of maintaining a normal post-War standard of living.
I am aware this was promised in the last Parliament, but postponed " until conditions became more normal." I presume accordingly no Progress has been made with it. Still it may well be asked whether for some years, at all events, we have not reached something like post-War normality— the movement of the existing Index would suggest this as would expert anticipation. I know it is suggested that the practical outcome of such an inquiry might be small—on that I express no opinion.
I do suggest, however, that the inquiry would have a very distinct value from the point of view of potential legislation, and would meet' the not unnatural demand of the workers for a revised Index Number on a new basis. As ten years have now' elapsed since the calculations commenced I share the view that light should be thrown on present conditions.—I am,
Sir, &c., EDWARD STOCKTON. 90 George Street, Manchester.
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