HC Deb 17 March 1953 vol 512 cc2048-9
24. Mr. Gower

asked the Chancellor of the Exchequer whether he will consider granting definite tax concessions to companies and firms who institute co-partnership and profit-sharing schemes, and amenities for the particular welfare of their employees.

Mr. R. A. Butler

I have taken note of my hon. Friend's suggestion, but I cannot anticipate my Budget statement.

Mr. Gower

Will the Chancellor bear in mind that the peculiar merit of these desirable objects was recognised in our own Industrial Charter, and also that their value has been accepted by people of all shades of political opinion?

Mr. Butler

I have already publicly expressed my own views in favour of such a scheme, and I cannot say more today.

Sir H. Williams

Will the Chancellor of the Exchequer observe that nearly all the profit-sharing schemes have been wiped out by the nationalised industries concerned?