Mr. Lewisasked the Chancellor of the Exchequer if he will introduce legislation to control profits and dividends in furtherance of the Government's policy of limiting increases in wages and prices.
§ Mr. Boyd-CarpenterWhile we have always made it clear that any acceptable incomes policy must apply in an appropriate manner to other forms of income as well as to wages and salaries, it is clear that statutory control of profits and dividends would do enormous damage to the economy, even if it were practicable. The National Economic Development Council will be discussing the whole subject at a special meeting in January.