BRITAIN MUST CUT PUBLIC SPENDING TO AID RECOVERY
(10 a.m.) • LONDON. Sept. 6. Sir Hubert Henderson, the Oxford professor of Political Economy, said that the main cause of Britain’s financial crisis, has been the phenomenal growth of public expenditure. He mentioned specially the Education Act and Health Service as well as defence. Sir Hubert was addressing the Institute of Bankers’ international summer school. “We have now reached a point where the stern application of the old fashioned prescription of public retrenchment has become an indispensable condition of recovery.”
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Gisborne Herald, Volume LXXVI, Issue 23044, 7 September 1949, Page 7
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88BRITAIN MUST CUT PUBLIC SPENDING TO AID RECOVERY Gisborne Herald, Volume LXXVI, Issue 23044, 7 September 1949, Page 7
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