Cost of living

There is one thing everybody in Great Britain today can agree on-living is too expensive. But few people can agree about what causes the endless rise in the cost of living, and

fewer still on what could be done about

Colin Clark, Director of the Agricultural Economics Research Institute at Oxford, statistician and economic adviser to governments in this country and in Australia, examines here what he believes to be the main causes of constantly rising prices. High taxation, with its crippling limitation of small businesses and of the individual's incentive to earn and save money, is inevitably among the foremost. Of equal importance with the reduction of taxation is the restoration of Free Trade, which should be immediate and unqualified. After these two measures have been taken, the rise in prices will be checked and a real improvement in the welfare of all classes of the community. will follow.

Colin Clark writes from no party standpolet. Pinag and the remedies he suggests are addressed to Conservatives Liberals and Socialists alike. He writes also for the ging "non-party" of those who despair of any political or economic defence against the inflation threatening velihood as individuals and as a nation.