Business: Inflation Watch

The Administration's inflation fighters have shown about as much enthusiasm for the freeze as they might for a visit to the dentist. Their main concern now is how quickly they can end it. For some firms it may be over within the next few weeks. John Dunlop, the Cost of Living Council chief, said last week that he was considering lifting the freeze on "a phased basis." A number of firms and industries for which new rules can be quickly drafted could be relieved of the freeze well before Aug. 12, when the more flexible controls of Phase IV are scheduled...

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