NU RETRENCHMENT.
BRITISH BUDGET CONDEMNED. TOO MANY SOCIAL REFORMS. CAPITAL OUTGROWING TAXES. Electric Telegranh—Press Association ' opyright. (Received this day at 10.35 a.m.) London, This Day. Mr Chamberlain criticised the Budget on the ground that it represented an abandonment of the old Liberal policy of retrenchment. He described Mr Lloyd George as an “unchecked initiator of social* reforms.” The Hon. E. Montague replied that the unequal distribution of wealth was indispensable unless it could be shown that the possessors made an adequate contribution to the State’s requirements. He emphasised the fact that capital was growing faster than the taxes. The present administration’s reductions in the debt had saved three million a year in interest.
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Bibliographic details
Pahiatua Herald, Volume XIX, Issue 4830, 7 May 1914, Page 5
Word Count
113NU RETRENCHMENT. Pahiatua Herald, Volume XIX, Issue 4830, 7 May 1914, Page 5
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