HC Deb 24 November 1942 vol 385 c658
48. Mr. Stokes

asked the Chancellor of the Exchequer whether, in order to pre vent the rising trend on the Stock Ex change from developing into a dangerous boom, he will consider the adoption of a tax on capital appreciation on all trans actions or take other steps to the same purpose?

Sir K. Wood

I am not prepared to adopt my hon. Friend's suggestion, and I do not think it necessary to take any other steps in this matter?

Mr. Stokes

Does not the right hon. Gentleman think that it is as wrong to make profits out of Stock Exchange booms in war-time as to make profits out of munitions?

Sir K. Wood

I shall have to ponder over that.

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