§ 26. Mr. Dykesasked the Chancellor of the Exchequer if he will now consider steps to harmonise the rates and incidence of taxation on incomes from earnings and savings.
§ Mr. Patrick JenkinI have noted my hon. Friend's views.
§ Mr. DykesDoes my hon. Friend agree that this matter is extremely urgent in terms of contributing a greater incentive to savings, the lack of which is one of the root causes of our economic problems, and that the difference between so-called earned and unearned income is unnecessarily penal, illogical and anachronistic?
§ Mr. JenkinI can go one better. The words "unearned income" hardly ever escape the lips of Treasury Ministers, and even our officials are getting rather good at talking about "investment income". I am sure that my hon. Friend would not expect me to comment further on what he has said.