SPENDING
" Spending, it is true, depends quite as much on policy as on economy of administration, and the idea that the nation must not economise on its social services is preposterous. It may also be remembered that the May Committee concentrated on a rather narrow front, and that £88,000,000 of savings which 'they recommended were derived from three sources alone —unemployment insurance, education, and roads," says the London Daily Telegraph in a recent leader. " Local expenditure has not only increased pari passu with national, but it has been encouraged by Exchequer grants, offered in too many cases as bribes and inducements to persuade local authorities to plunge. The whole system of grants in every department needs scaling down, and the same is no less true of personal and private expenditure. Every class has been living above its real income, with no addition to its efficiency, and certainly with none to its contentment."
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Bibliographic details
Waipa Post, Volume 45, Issue 3213, 6 August 1932, Page 7
Word Count
152SPENDING Waipa Post, Volume 45, Issue 3213, 6 August 1932, Page 7
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