The Annual Register 1914: A Review of Public Events at Home and Abroad for the Year 1914Anonymous
History
The Annual Register 1914: A Review of Public Events at Home and Abroad for the Year 1914
Anonymous
History, Modern; History, Modern -- Periodicals; World War, 1914-1918
|Miscellaneous | 2,130,000|| | |
| |------------|| |------------|
|Total |£209,455,000|| Total |£209,455,000|
| | || | |
|Borrowings to meet | || | |
| Expenditure chargeable | ||Expenditure chargeable | |
| against Capital | 5,265,000|| against Capital | 5,265,000|
+------------------------+------------++------------------------+------------+
The Budget was well received by the Liberal and Labour parties,
chiefly because of its expected furtherance of great social reforms;
the Unionists strongly condemned the new valuation provisions and the
increases of the supertax and of the death duties, and argued that
it must encourage the policy of doles which, when practised by Lord
Salisbury's Ministry, the Liberal party had condemned. Lord Esher,
in a letter to _The Times_, put forward an objection savouring of
a familiar economic fallacy, to the effect that it would diminish
employment by causing the discharge of servants and others engaged
in ministering to the luxury of the rich. Liberals retorted that the
Unionists had intended to readjust Imperial and local taxation, partly
with the revenue they expected from Tariff Reform; they had also made
political capital out of the dangerous financial position of the
friendly societies and the grievances under the Insurance Act of the
casual labourer, and these evils the Budget proposed to remove. Thus
the controversy made indirectly for a renewal of party conflict on the
other pending issues.
Public-domain text, read in full here on John Shaqi.
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