HC Deb 12 March 1979 vol 964 c67W
Mr. Arthur Lewis

asked the Chancellor of the Exchequer if he will seek powers to control the excessive profits now being reported by many companies in general and the banks in particular.

Mr. Joel Barnett

Present powers are adequate, especially after the recent Price Commission (Amendment) Act. Profitability is not on the whole excessive, and in some industrial sectors it is inadequately low.