HC Deb 22 November 1960 vol 630 cc963-4
26. Mr. Woodburn

asked the Chancellor of the Exchequer whether he will introduce legislation to obtain for the Exchequer some share of capital appreciaition in purchases of share capital.

Mr. Selwyn Lloyd

No, Sir.

Mr. Woodburn

Does not the right hon. Gentleman think that this latest example of Fords shows how ridiculous it is that great sums of money free of taxation should be paid to people without any effort on their part, while the rest of the community is left to pay the whole of the cost of running the country?

Mr. Lloyd

I think the right hon. Gentleman is making proposals in this Question of a budgetary nature. He is well aware that it would be contrary to precedent for the Chancellor of the Exchequer to discuss such matters at this time of the year.