Clause 2. — (Power for the Treasury to borrow.)

Part of the debate – in the House of Commons on 5th August 1942.

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Photo of Mr Frederick Bellenger Mr Frederick Bellenger , Bassetlaw

I do not know whether the hon. Members who have put forward this Amendment have, as the hon. Member for South Croydon (Sir H. Williams) alleges, made a number of inaccurate statements, but I think the hon. Member himself has made a few extravagant ones. I seem to remember a table recently prepared by the Treasury which went to show that the number of higher incomes assessed for Income Tax and Surtax during the war had increased over the number which existed in the prewar period. It looks to me therefore as if some people, other than coalminers, are making a very good amount of profit out of the war.