BRITISH GOVERNMENT
COST OF DEFLATION
INTEREST ON WAR LOANS
United Press Association—By Electric .Tetagraph—Copyright. LONDON, 25th November.
The newspapers give prominence to a passage in Mr. Shaw's speech on unemployment insurance, in which he said: —
We are now paying a hundred millions per year too much to people who have not the smallest moral light to it. During the war money was lent to the Government at inflated rates. We adopted a post-war policy of deflation, and are now paying interest in deflated money. That fact has got to be faced before-this conntry can get on its feet again.
There is much on the speech in the lobbies and speculations whether Mr. Shaw spoke with Mr. Snowden's assent, and whether the speech signified legislation at the expense of holders of war stock.
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Bibliographic details
Evening Post, Volume CVIII, Issue 129, 27 November 1929, Page 11
Word Count
132BRITISH GOVERNMENT Evening Post, Volume CVIII, Issue 129, 27 November 1929, Page 11
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