Retail Price Maintenance (RPM) and the Black Market
Retail Price Maintenance forced each and every shop to sell its goods at prices set by the Government. This meant that identical items cost the same in every shop. It was an attempt to be fair to everyone during the shortages. It meant that the wealthy would not be able to buy their way into getting more food than the rest of the public and that shopkeepers would not be able to attract trade by dropping prices.
My parents often talked about when I was a child, but to me, at the time, it simply meant that I could spend my pocket money wherever I wanted without the fear of being diddled.
Retail Price Maintenance (RPM), like rationing, went on for many years after the war, as the shortages continued.
The Black Market was an illegal trade which was very much looked down on by ordinary people. It meant that if you knew the right people, you could get (almost) anything you wanted if you were prepared to pay for it. This was always more than the Government's 'maintenance' price - much more. It provided a hefty profit for those involved in the trade but the risks were huge and the penalties for discovery were great.
An illegal trade that for some reason was certainly not looked down on was the barrow boys who I saw when out with my mother on London's Oxford Street. I believe that this was not in the war itself but in the austerity and shortages after the war. It was certainly illegal because the barrow boys dodged round the nearest corner when they saw a policeman coming. Yet the police knew where they were but seldom followed them. This could have been because barrow boys only dealt in what were little more than trinkets. They did a good trade and were well customised by the public.
Legal ways round Retail Price Maintenance
I had always assumed that shopkeepers didn't like Retail Price Maintence because they wanted to charge more, so as to increase their profit. In fact the reverse was true. Many wanted to charge less to increase their trade.
My main experience of this was when my husband and I set up home in the early 1960s, nearly 20 years after the end of the war. Like all newly married couples, money was tight and any way that we could legally save on our purchases was welcome. We found that we could get percentage reductions by belonging to organisations which we did.
I suppose it must have been legal by then because there was nothing underhand about it. I assume, though, that it must have been illegal during the war.
The end of Retail Price Maintenance
Retail Price Maintenance was discontinued in 1964. Prices dropped, but it did mean that we had to shop around for the best bargains.