TO STEM INFLATION
"MUST PAY AS WE GO"
LONDON, April 14. "We must pay as we go in order to stem inflation," said the Chancellor of the Exchequer, Sir Kingsley Wood, in a broadcast,' commenting on his record £5,000,000,000 Budget which was introduced in the House of Commons today. He said that income tax would remain at its previous level, having already reached its limit. There would be higher taxes on entertainment and on luxury goods. "I have deliberately refrained from taxing the necessaries of life," he said. "On the other hand, I have sought an increased contribution from outright luxuries and goods for which there is a heavy civilian demand but which it will not hurt us to curtail. Taxed items have not been picked from a hat; they form a definite plan."
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Bibliographic details
Evening Post, Volume CXXXIII, Issue 89, 16 April 1942, Page 5
Word Count
134TO STEM INFLATION Evening Post, Volume CXXXIII, Issue 89, 16 April 1942, Page 5
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