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Budget Proposals and Economic Situation

Part of the debate – in the House of Commons at 12:00 am on 11th April 1957.

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Photo of Mr Enoch Powell Mr Enoch Powell , Wolverhampton South West 12:00 am, 11th April 1957

It will by no means apply in every case, but I am saying that to an increasing extent in the higher income scales there is an element of return on investment—for example, from partnerships—and that in an increasing number of cases as one goes up the salary scale the income tends to be less of an earned income in the full sense.