BRITISH POLITICS.

Taranaki Daily News, Volume L, Issue 59, 22 April 1907, Page 3

BRITISH POLITICS.

f RECEPTION OF THE BUDGET. I '? '• ' London, Apiil I<J. { Tlie Budget is in many circles interpreted as ail astute bid for middle clu-s support. Laborltes are disappointed at the postponement of old-age pensions, and intend to move an amendment on the subject. I. } lr . Kt ' ir Hardic (Labor member), interviewed, described i'l as a bru'al Budget. ' " Hie Daily News says the Budget one of expectations. The Daily Telegraph declares the Budget is to be a further step towards he penalisation of capital and the forerunner of Socialistic Budgets. \\t is estimated that 013,000 people vill benefit by reduction of the tax on ntrned incomes. Mr Asquith mentioned coal, not coin, lS one of the many items to which the surplus was mainly vine. in declaring t unwise to treat cadi ye.ir's funnce is self-contained, he added: "There night -io be a Budget for several rears." PROTEST AGALNST IXCoME TAX PROPOSALS. Received 21st. 4.15 p.m. London, April 20. The Times and several newspapers strongly protest against Mr. Asquitli's proposal to transform income tax withI >ut inquiry or warning, into a permanent [tax upon which no further reduction may I be expected. ( The Times declares that the London Stock Exchange holds that the declared ipermanency of a shilling income tax is v certain to operate injuriously upon se- , eurities. j