By Rt. Hon. Roy Jenkins MP (eds.)
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Additional resources for Britain and the EEC: Proceedings of Section F (Economics) of the British Association for the Advancement of Science Liverpool 1982
Such changes in demand do not lead to marked increases in demand for goods at the farm gate. However, given higher incomes, consumers may be even less ready to adjust to changes in price by reducing or raising the quantity they purchase of particular foods. Such price inelasticity remains one important cause of widely fluctuating prices to producers. Wide price fluctuations matter to governments; when food prices rise greatly, hardship results for the poorest members of society. Sharp price increases in products, which weigh heavily in the retail price index, may, at least according to some theories, help to stimulate higher rates of inflation.
10. Britain and the Common Market, text of speeches made at the 1962 Labour Party Conference (London: The Labour Party). 11. W. S. L. Churchill, Europe Unite. Speeches, 1947-1948, ed. by Randolph S. Churchill (London: 1950) pp. 409-24. 12. Harold Macmillan, Pointing the Way, 1959-1961 (London: Macmillan, 1972) p. 156. 13. See David Nunnerley, President Kennedy and Britain (London: Bodley Head, 1972). 14. For example, Britain and the European Communities. An Economic Assessment, Cmnd 4289 (London: HMSO, February 1970).
Following the creation of its price policy the Community has introduced a variety of structural policies. These policies embody rather than resolve a contradiction. Towards the end of the 1960s under the influence of the so-called 'Mansholt Plan', the Community began to evolve a series of structural directives which were intended to facilitate the mobility of manpower within and out of agriculture and the modernisation of agricultural structures. It was hoped that this strategy would eventually remove the need for continued income and price support by enabling those remaining in the industry to derive satisfactory incomes from the market itself.