BRITISH FINANCES

Grey River Argus, 1 October 1934, Page 5

BRITISH FINANCES

BUDGET OUTLOOK SATISFACTORY. PROSPERITY CLAIMED. (Received September 30 at 7 p.m.) LONDON, September 30. The British revenue for the half-year was £273,000,000. The expenditure was £328,000,000. This leaves a deficit of fifty-five millions, compared with one of forty-eight millions for the corresponding period last year. This is regarded as satisfactory, and despite post-Budget commitments, it encourages hopes of a surplus. The income tax thus far has yielded fifty-one millions, an increase of seven and a-half millions, due to the revival of payment by equal instalments halfv early.

“Britain is the most prosperous country inth e world,” declares the “Dispatch’s” special correspondent, after visiting Europe and America. He says people here are spending more, and that workers and investors are enjoying higher wages and dividends.