§ Mr. John Mooreasked the Chancellor of the Exchequer, in view of the statement of a senior civil servant made in New York that the United Kingdom had been much too concerned with how to distribute wealth and too little with how to create it, but was on the path to reversing that attitude, what measures had been taken, or are envisaged, in the tax areas in implementation of this comment.
§ Mr. Denzil Davies,pursuant to his reply [Official Report, 15th June 1977; Vol. 933, c. 202], gave the following information:
The Government must be concerned both with the creation of wealth and with ensuring that wealth is fairly distributed. Their policies, in the tax field and in industrial strategy as elsewhere, have been and will be directed to both ends.