BRITISH BUDGET
STEADILY MOUNTING FIGURES. Since the Budget statement the House of Commons as a whole has been in a chastened frame of mind, notes the Parliamentary correspondent of the “Spectator.” For two or three years a great many members have seemed to regard almost lightheartedly tile steadily mounting figures of expenditure. Since astronomical sums had to be raised anyhow, it seemed hypercritical to cavil at a few millions here and there. Now they are forced to contemplate a not-far-distant time when increasing demands from the defence services will probably coincide with declining trade and a consequently diminishing yield from taxation. The effect has been salutary. In the Budget debate several speakers competed in hoisting the tattered ban ner of retrenchment. One member expressed the hope, though without much confidence, that the House would once again become the taxpayer's watchdog, and another pointed out that Britain was faced with the prospect of budgets permanently in the neighbourhood of a thousand millions.
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Wairarapa Times-Age, 24 June 1938, Page 5
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161BRITISH BUDGET Wairarapa Times-Age, 24 June 1938, Page 5
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