§ 12. Mr. McKay
asked the Chancellor of the Exchequer what was the total for wages and salaries paid by the companies and public corporations trading in the United Kingdom for the year 1955 ; what was the undistributed income, after taxation, of such companies and public corporations for the same year ; and what percentage is this sum of the total wages and salaries paid by them.
§ Mr. H. Macmillan
Total wages and salaries paid by companies and public corporations in 1955 are estimated at approximately £7,150 million and their undistributed profits after tax at £1,655 million. The latter figure is 23 per cent. of the former. It is worth noticing that the £1,655 million of undistributed profits was more than offset by the amount spent by these concerns on investment.