HUGE BURDEN
WAR EXPENDITURE
GREAT SACRIFICES MAY BE NECESSARjr
(Received November 30, -■ 2 p.m.)
LONDON, November 29,
Speaking in the House of Commons, the Chancellor of the Exchequer, Sir John Simon, said: "The war may impose the most fearful sacrifices, some
of which we have hardly begun to dream as possible. From September to the end of the financial year the rate of spending has been £2,400,000,----000 annually.
"We struggled to get an enormous contribution from taxation, namely, nearly £1,000,000,000 yearly, but we must borrow*another £i; 000,000,000 to meet expenditure this year, in which there are only seven war months. The future requirements are considerably greater than the present annual expenditure, which is already half the total income of the community."
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Bibliographic details
Evening Post, Volume CXXVIII, Issue 131, 30 November 1939, Page 14
Word Count
121HUGE BURDEN Evening Post, Volume CXXVIII, Issue 131, 30 November 1939, Page 14
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