BRITAIN NOT SURPRISED
(N.Z.P.A.-
- Reuterj
Non-Inclusion In Stop-Gap Aid For Europe
copyrighi )
Received Wednesday, 9.43 a.m. LONDON, Sept. 30. It is authoritatively stated that Britain is neither surp^ised or disappointed at the decision not to inciude Britain in the stop-gap aid programme for Europe. A Treasury spokesman said that Britain's own recovery programme entirely discounted any United States financial aid and she was not even counting 011 help from the Marshall Plan. London financial experts said that whether Britain survived depended mainly on whether defiationary trends could be made to replace the present inflationary trend in both Britain and the United States. Stop-gap aid woulri merely tend to increase the inflationary trend in the United States. The latest forecast is that there will be an autumn Budget mainly confined to limiting dividends — based 011 the past three-year average — to please workers, followed later by reduced food subsidies and an increased range of purchase tax to reduce consumer spending power.
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Bibliographic details
Chronicle (Levin), 1 October 1947, Page 5
Word Count
159BRITAIN NOT SURPRISED Chronicle (Levin), 1 October 1947, Page 5
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