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productivity. It is not possible to analyse the extent to which changes in different categories of income have contributed to the increases in costs of producit, and set the rise in prices discussed g6ove.7. But the relative movements of these categories of income over a period of years are of obvious relevance and public interest. They are shown in Table 1.
TABLE 1
CHANGES IN INCOMES BEFORE TAX
£ million
Index numbers (1938=100)
Shares in to al domestic incomes(1)
(Per cent.)
Wages and salaries
1938
2,830
100
58
1948
6,140
217
58
1954
9,265
327
59
Income from self-employment(2)
1938
647
100
13
1948
1,328
205
13
1954
1,645
254
11
Gross trading profits of companies
and public enterprises(3)
1938
...
1948
...
· 1954
764
100
16
2,018
264
19
3,005
393
19
companies(3)
Gross trading profits of
1938
1948
1954
690
...(4)
14
1,790
17
2,560
16
76
...
Gross trading profits of public
enterprises(3)
1938
1948 1954
...
...
..
74 228
445
...(4)
...
223
(1) Before providing for depreciation and stock appreciation. Only the main categories of domestic income are shown. Rent, the pay of the Forces, and employers' contribu- tions to the National Insurance Fund and superannuation schemes are not included. The percentages in the right-hand column do not therefore add to 100.
(2) Incomes of farmers, professional persons and other sole traders and partnerships before
providing for depreciation and stock appreciation.
(3) Before providing for depreciation and stock appreciation.
Indices are not given as the coverage of the two series are affected by successive acts of nationalisation and denationalisation. The combined series for companies and public enterprises is comparable.
13.
Source: National Income and Expenditure, 1955, Tables i and 2.
:
This table shows that about four-fifths of the incomes earned in this country consist of wages and salaries and the gross trading profits of
6
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