§ 68. Mr. Osborneasked the Chancellor of the Exchequer what the percentage increases in wages and dividends, respectively, for each year, separately, since the 134W policy of wage and dividend restraint was established by Sir Stafford Cripps.
§ Mr. MaudlingThe following is the reply:
Year Gross Dividends Wages £m. Expressed as a Percentage of the 1948 figure £m. Expressed as a Percentage of the 1948 figure 1948 523 100 4,140 100 1949 496 95 4,365 105 1950 492 95 4,585 111 1951 557 106 5,100 123 1952 576 110 5,420 131 1953 609 116 5,740 139
- (a)The figures for dividends comprise those declared on ordinary and preference shares of companies operating in the United Kingdom and in the main appear in National Income and Expenditure 1946–1952 (H.M.S.O. August 1953) on page 37. The figure for 1953 is a provisional estimate.
- (b)The figures for wages have mostly been published in Preliminary Estimates of National Income and Expenditure (Cmd. 9118). The figure for 1953 is a provisional estimate.