CABINET AND BUDGET.
MR. CHURCHILL'S DEFICIT. NEWSPAPER ANTICIPATIONS. (British Official Wireless) (Received April 7, 6.5 p.in.) A. and N.Z. RUGBY, April 6. A special meeting of Cabinet has been summoned for to-morrow, when it is understood that the Chancellor of the Exchequer, Mr. Winston Churchill, who has completed his plans for the Budget, will submit, his proposals, before they are put before Parliament in the annual Budget statement. Thero is, as usual, much speculation on the matter. The newspapers are discussing the possibility that the duties on heavy lines and on tobacco may be increased, and also that the period of credit allowed to brewers may be further curtailed. But Budget secrets are always carefully guarded, and no reliance can be placed on these forecasts. The newspapers calculate that the returns from the ousting taxation will leave the Chancellor with a prospective deficit of £20,000,000. But, as the labour troubles which caused the heavy fall in last year's revenue are unlikely to be repeated, it is expected that Mr. Churchill will base his calculations on his conviction that trade will improve.
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Bibliographic details
New Zealand Herald, Volume LXIV, Issue 19607, 8 April 1927, Page 11
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181CABINET AND BUDGET. New Zealand Herald, Volume LXIV, Issue 19607, 8 April 1927, Page 11
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