Profits and Wages

HC Deb 21 March 1950 vol 472 cc1759-60

50. Mr. Osborne

asked the Chancellor of the Exchequer what sums have been distributed as dividends from corporation profits and as wages and salaries, respectively, in the latest convenient period.

The Chancellor of the Exchequer (Sir Stafford Cripps)

Estimates for 1948 were given in Tables 6, 14 and 15 of the National Income White Paper, Cmd. 7649. Estimates for 1949 will appear in the next National Income White Paper, to be presented shortly.

Mr. Osborne

Can the Chancellor tell the House whether if the whole of the distributable profits were given to the wage earners, it would make, more or less the fourpence in the pound difference which he told the Trades Union Congress would be the effect?

Sir S. Cripps

The hon. Gentleman should put that question on the Paper if he wants an answer.