NO EXTRA TAXATION
HIGH POSSIBILITY
WHAT ANALYSIS SUGGESTS
(Received March 6, 1 p.m.)
LONDON, March 5,
With the issue of the Air Estimates all the main estimates are now known. Analysis of the finances reveals that, taking account of £80,000,000, which the Government is raising for defences by loan, the net figure required from extra taxation is only £16,474,000. Consequently, an increase of slightly over 3d in the £ would meet this amount. However, continued prosperity, the trade improvement, and the increased surtax from the last Budget are expected to account for approximately £16 000 000, and consequently there is every possibility that the income tax will not be increased.
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Bibliographic details
Evening Post, Volume CXXIII, Issue 55, 6 March 1937, Page 9
Word Count
109NO EXTRA TAXATION Evening Post, Volume CXXIII, Issue 55, 6 March 1937, Page 9
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