§ Mr. W. Hamiltonasked the Chancellor of the Exchequer what has been the annual average increase in wages and dividends, respectively, since 1952; and what relation these rates of increase bear to Her Majesty's Government's incomes policy.
§ Mr. Boyd-CarpenterBetween 1952 and 1962 total wages rose at an average annual rate of 5.7 per cent. The corresponding increase in total dividends was 9.1 per cent. Figures for 1963 are not yet available. It is clear that wages, dividends and other forms of money income rose more rapidly than national production over this period. The figures show how essential it is for this country to follow an incomes policy designed to keep money incomes broadly in line with national production.