After 6 month's discussion, the Italian Government has finally introduced some of the measures which had boen advocated for meoting inflation, The tax on petrol has been increased by 2d a litre, bringing the price up to 5s 9d a gallon. Foreign tourists will not have to pay as much however, A purchase tax on new cars, yachts and boats has been introduced. I+ ranges from 7 to 15%. Hire purchase is to be limited to a maximum of 12 monthly instalments with an initial cash payment of at least 30%. Some itoms of domestic use with a value of less than £4) are to be exempt from those regulations. To ease the manpower shortage national service is to be reduced from 18 months to 15 months.
The WeekThe Week Vol. 1, No. 9, 26 February 1964
Anti-inflation Measures in Italy
The scan: The Week v1 no9.pdf (PDF, Marxists Internet Archive, opens at this page)
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