GRIM BUDGET PROSPECTS
ECONOMY NEEDED IN BRITAIN
HEAVY UNFORESEEN CHARGES.
By Telegraph—Press Assn.—Copyright.
Rec. 11.45 P-m. London, Jan. 18. “The grim Budget of 1932-33 does not seem destined to. repeat the success of the 1931-32 Budget,” says the Times. “No provision is made for payment to the United States. The estimates of the cost of unemployment are also too optimistic, and "the default of the Tree State will cost £3,500,000. “Already unforseen charges falling on the Budget total £50,000,000, and there is little sign that the yield from taxes will be buoyant enough to offset this,” the paper adds. “No doubt the nation has decided that 1933 must see a final settlement of international debts, but additional economies must also be found if the Budget of 1933-34 is not going to be as grim as the others. The present over-taxation is one of the principal causes checking public and private enterprise.” z
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Taranaki Daily News, 19 January 1933, Page 5
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152GRIM BUDGET PROSPECTS ECONOMY NEEDED IN BRITAIN Taranaki Daily News, 19 January 1933, Page 5
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