BRITISH AUSTERITY EXAMPLE TO AMERICA
(11 a.m.) WASHINGTON, April 7. The announcement by Sir Stafford Cripps of the continuance of Britain's austerity programme should make Americans ashamed of complaining of pinpricks of their own economic problems, said the Vice-President, Mr. A. Barkley, speaking at a dinner in honour of British members of the AngloAmerican Productivity Council.
Sir Stafford Cripps today released the new Budget in which nearly everything the consumer needs has its taxation increased rather than decreased,” said Mr. Barkley. ' “This is a new step in a programme of austerity which we are bound to admire.”
It was a wonderful example to the United States and showed a spirit of determination and fortitude which could not be measured by modern standards. It was an example of what could be done by co-operation and not by coercion.
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Gisborne Herald, Volume LXXVI, Issue 22917, 8 April 1949, Page 5
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137BRITISH AUSTERITY EXAMPLE TO AMERICA Gisborne Herald, Volume LXXVI, Issue 22917, 8 April 1949, Page 5
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