British Budget
The Chancellor’s Expectations EEDUCTION OF DIEECT TAXATION NEW IMPOSTS PROPOSED. (By Cable—Presi Association—Copyright, i (Received 30, 9.45 a.m.) London, Dec. 29. The “Daily Mail” understands that Mr Churchill is satified that he can frame the 1926 Budget at a substantially lower figure than that of 1925, excluding the coal subsidy, which will probably total thirty millions. It is expected tiiat me balance sheet on March 31 next will show a deficit, but there is a possibility of a reduction in direct taxation provided Mr Churchill succeeds in obtaining Cabinet’s ap- j pi oval of new taxes, such as a tax on betting, a whisky export tax, and an extension of the luxury tax. —(Sydney “Sun” cable).
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Bibliographic details
Hawke's Bay Tribune, Volume XVI, Issue 14, 30 December 1925, Page 5
Word Count
118British Budget Hawke's Bay Tribune, Volume XVI, Issue 14, 30 December 1925, Page 5
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