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Balance of power The Confederation of British Industry shows concern
Page 4
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at certain features of commercial and industrial management in Britain today — and rightly so. The balance of power is quite wrongly weighted in favour of one industrial group through legislation and declared Government policy.
While the Prime Minister and his colleagues sit back and take credit for Britain's economic recovery, British management struggles unaided against the power of the TUC. The facts are there for all to see.
The Monopolies Commission has the power of law to stop mergers which would tie up a corner of the market and give a company absolute power there. Nn such action can be taken against a union monopoly.
The Prices Commission has ensured that price levels have been restrained for three years now. No such legal restraint has been placed on incomes — the code is voluntary.
Government sanctions against employers who break the pay guidelines are declared Government intention. No similar action is threatened against unions who support strike action to force the employers to break the code.
The Ford fiasco is the latest and most blatant display of the indiscriminate use of union power. Regrettably it is also another example of how weak Mr Callaghan's minority government really is.