BRITAIN’S WAR BUDGET
DIRECT AND INDIRECT TAXATION ADDITIONAL £970,000,000 TO BE RAISED ONLY FIRST STEP IN CHANCELLOR’S PLANS (Official Wireless) (Received Sept. 29, 11.0 a.m.) RUGBY, Sept. 28 Broadly stated, the effect of the War Budget is that in the current year an additional £665,000,000 will be raised by direct taxation and £305,000,000 by indirect taxation. Next year the direct taxpayer will pay £160,000,000 more than under the last Budget, and indirect taxation will yield an additional £665,000,000. It is generally recognised that this Budget represents only the first step in Sir John Simon’s proposals. Among critics there is agreement that the increase in direct taxation described by Sir John Simon was inevitable.
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Waikato Times, Volume 125, Issue 20922, 29 September 1939, Page 5
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113BRITAIN’S WAR BUDGET Waikato Times, Volume 125, Issue 20922, 29 September 1939, Page 5
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