BRITISH BUDGET
ACCEPTED GRIMLY BY CITY AFTER INITIAL SHOCK. MEASURES AGAINST INFLATION. By Telegraph—Press Association— Copyright. (Received This Day, 11.30 a.m.) LONDON, September 29. After the initial shock, the City accepted with grim determination the Chancellor’s dual purpose Budget, framed with a view to meeting war time expenditure as far as possible from current revenue and to restricting non-Government spending. Financial circles were staggered by the severity of the proposals and consider that reliance so extensively on taxation will give time for war expenditure to swell national savings, thus reducing the risk of inflation on the scale characterising the last war. The stock markets are dominated by the Budget, and with dealings on a strictly cash basis there is little business passing. The commodity markets have not yet settled down to war conditions. Trading remains difficult. There have been no major price changes.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/WAITA19390930.2.60
Bibliographic details
Ngā taipitopito pukapuka
Wairarapa Times-Age, 30 September 1939, Page 8
Word count
Tapeke kupu
143BRITISH BUDGET Wairarapa Times-Age, 30 September 1939, Page 8
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Wairarapa Times-Age. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.