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Wealth — Question

Part of the debate – in the House of Lords at 2:48 pm on 5th July 2010.

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Photo of Lord Pearson of Rannoch Lord Pearson of Rannoch UKIP 2:48 pm, 5th July 2010

My Lords, whatever the views of the Benches beside me and opposite me, does the Minister not agree that in socialist societies the differential is very much sharper than in democratic and capitalist societies? Does he, for instance, recall that in the Soviet Union some 95 per cent of the wealth and influence was controlled by less than 2 per cent of the population?