"SCRUBBED CLEAN"

Gisborne Herald, Volume LXXII, Issue 21853, 25 October 1945, Page 5

" SCRUBBED CLEAN "

FIELD OF TAXES CHURCHILL’S WARNING GIBES AT CHANCELLOR LONDON, Oct. 23. The Leader of the Opposition, Mr. Winston Churchill, offered his compliments to the Chancellor on “his bland, mild and temperate survey of the dark, tumultuous and tortured financial scene.” He said that Dr Dal.ton gave a great deal of innocent pleasure bv his ingenious series of nets and barbed wire entanglements on which every farthing profit was caught before it reached the income tax payers’ pocket and how. after that, almost every farthing of income was caught by taxation processes. This would give rise to great deal of harmless joy. Whether, in the long run. the processes would be regarded purely as giving rise to hilarity would only be seen as our economic and financial future developed. On the whole not very much had happened in connection with the medium and high rates of income tax. He warned the Government that it must not be drawn into exaggerated hopes that it is on the first frontiers of large and fertile territory. The taxation field had been scrubbed clean. He must strike a note of anxiety at the continuance of expenditure at the wartime level. The maintenance of such a rate of expenditure would exercise a paralysing effect on Britain’s recovery during the critical months in the world when much could be won or lost.