HC Deb 29 November 1973 vol 865 c189W
Mr. Hugh Jenkins

asked the Chancellor of the Exchequer if he will seek by fiscal means to bring down the rate of rise of company profits to a level comparable with that permitted for wage increases.

Mr. Higgins

Company profit margins are controlled under the price code. In the 18 months up to the first half of 1973 profits net of stock appreciation grew at an annual rate of 13½ per cent., which is much the same rate as the rate of growth of earnings over that period.

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