Skip to main content

Wages, Salaries And Dividends

Volume 656: debated on Wednesday 28 March 1962

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Chancellor of the Exchequer if he will publish the calculations on which his conclusion was based that between 1938 and 1960 wages and salaries rose by 384 per cent. and ordinary dividends by 190 per cent., and that, allowing for changes in the purchasing power of the £, the increases were 71 per cent. and 2 per cent., respectively.

be possible to arrange such a visit later.

The calculation was based on figures for 1938 taken from tables 2 and 27, respectively, of the Blue Book "National Income and Expenditure 1957", and figures for 1960 from the same tables in the corresponding publication for 1961. The actual figures used for wages and salaries were £2,830 million in 1938 and £13,690 million in 1960, the figures for ordinary dividends being £331 million and £961 million, respectively. The consumers' price index showed an increase of 183 per cent. between 1938 and 1960.