§ 26. Mr. Hugh Jenkinsasked the Chancellor of the Exchequer in view of the fact that the increase in the number of millionaires over the last five years is greater than for any similar period 975 hitherto, what steps he is taking to reduce this number and achieve a wider distribution of wealth.
§ Mr. TaverneMy hon. Friend will not expect me to anticipate my right hon. Friend's Budget Statement.
§ Mr. JenkinsDoes my hon. and learned Friend agree that the growth and proliferation of multi-millionaires is incompatible with an acceptable prices and incomes policy, and will he explain that to his right hon. Friends?
§ Mr. TaverneI do not think that my hon. Friend has the facts quite right. The best comparison that one can make is on calculations based on the amount of investment income. These show no major change in recent years and, looking at the overall distribution of wealth, there is no doubt that, over the years, it has become more widely distributed.