Clause 11. — (Surtax: Reliefs for Earned Income.)

Part of Orders of the Day — Finance Bill – in the House of Commons at 12:00 am on 7 June 1961.

Alert me about debates like this

Photo of Viscount  Hinchingbrooke Viscount Hinchingbrooke , South Dorset 12:00, 7 June 1961

I would not care to associate my hon. Friends with this statement, but I feel very strongly that one can differentiate entirely between the situation which obtained some years ago and the present situation. In the situation that obtained after a major war when the nation was completely impoverished, everything was done by State action to encourage the entrepreneur to industrial effort, but when we arrive at an affluent society all sorts of different considerations applied.