Private Wealth (Hansard, 26 January 1972)

HC Deb 26 January 1972 vol 829 cc470-1W 470W

§ Mr. Hugh Jenkins
asked the Chancellor of the Exchequer what percentage of the total wealth of the country in private possession is owned by the richest half of the population.

§ Mr. Patrick Jenkin
As the total population includes wives, minor children and other dependants, the answer is clearly 100 per cent.

§ Mr. Hugh Jenkins
asked the Chancellor of the Exchequer what percentage 471W of the total wealth of the country in private possession is owned by the richest quarter of the population.

§ Mr. Patrick Jenkin
On the assumption that the total population includes wives, minor children and other dependants, the percentage is estimated at 97. This estimate is based on the evidence available from grants of representation in 1969.