BRITAIN’S TRADE
CRITICISM OF FISCAL POLICY SAFEGUARDING INDUSTRY LONDON, December 20. In a speech at the Empire Industries luncheon the former Secretary for the Dominions, Mr. L. S. Amery, declared that old prejudices were melting at a tremendous rate in face of the terrible national position. “We stand on the brink of a sweeping revolution against the whole fiscal policy. The people are preparing to accept an Empire basis of economic life,” he said. Lord Lloyd, former High Commissioner for Egypt, referred to the “rudderless ineptitude” of the MacDonald Ministry. He mentioned that the export of woollens to Egypt had declined 1,000,000 yards in six years. He believed -that safeguarding made industries more efficient. Lord Melchett urged Britain to cease being a charitable relief society. Fourteen trade unions and all the employers’ associations in the Nottingham lace industry have adopted a joint resolution, viewing with alarm the possibility of the removal of the safeguarding duty, and the free importation of goods made under conditions not tolerated by British workers.
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Sun (Auckland), Volume III, Issue 856, 27 December 1929, Page 9
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169BRITAIN’S TRADE Sun (Auckland), Volume III, Issue 856, 27 December 1929, Page 9
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