PAYING FOR THE WAR.
TAX ON MIDDLE SALARIES. CHANCELLOR’S DENIAL. LONDON, April 4. Lord Stamp, speaking unofficially as “an economic authority in touch with Government opinion.” told a Press conference on Monday that payment for the war would involve a large sum coming by loan or taxation from a large section of the community with incomes between £5 and £l2 a week. This was taken in some sections of the Press as an inspired leakage of Budget intentions. despite Lord Stamp’s previous warning -that nothing he would say could he interpreted as advance information, but merely as indicating the general nature of the economic and financial problem facing the country. Lord Stamp has since denied the interpretations placed on his statements, and the Chancellor of the Excheouer, Sir John Simon, in the House of Commons, declared that there was no authority for the various statements published. Lord Stamp’s opinion that either the Keynes plan for compulsory saving or something equally drastic would have to be adopted, 'the Chancellor said, was unjustifiably token as an official blessing for the Keynes plan, in view of Lord Stamp’s position as an economic adviser to the Government.
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Manawatu Standard, Volume LX, Issue 119, 18 April 1940, Page 8
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193PAYING FOR THE WAR. Manawatu Standard, Volume LX, Issue 119, 18 April 1940, Page 8
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