PAY FOR WAR
BRITAIN'S GREAT EFFORT
FINANCES FOR SIX MONTHS
(British Official Wireless.)
RUGBY, September. 30,
Exchequer returns for. the first half ox the financial year show that total ordinary revenue amounted to £452,-; 510,411, an, increase of £114,054,021 over the corresponding period of the last financial year. , '
The most '■■striking' increases in the yield from the various sources of revenue are in. respect to income tax, which at £95,111,000 is £42,101,000 higher than a year ago, and excise, which is more than £23,000,000 higher at £85,100,000.
Tha total expenditure, less selfbalancing items, was £610,135.776, compared with £552,826,216 at the corresponding date of 1939, after only one month of war. This great increase in expenditure, which was almost exclusively in the supply services, reflects the country's effort in the prosecution of the war.
The floating debt outstanding at September 30 totalled £2,136,680,000.
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Bibliographic details
Evening Post, Volume CXXX, Issue 81, 2 October 1940, Page 10
Word Count
142PAY FOR WAR Evening Post, Volume CXXX, Issue 81, 2 October 1940, Page 10
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