BRITISH BUDGET

Wairarapa Daily Times, 17 April 1935, Page 5

BRITISH BUDGET

ACCLAIMED BY PRESS LABOUR CRITICISM. Press Association Electric Telecraob— Copyright LONDON, Tuesday. £ Newspapers acclaim the Budget and congratulated Mr Chamberlain, emphasising that he is giving relief where it is essential. The “Daily Mail’’ points out that Britain is regaining prosperity by conservative finance without the vast schemes of public works many lands are attempting, thus far unsuccesfully. The “Daily Telegraph’’ says that the gilt-edged market is expeeted to respond strongly to Mr Chamberlain’s intention to deal with £429,000,000 of local loans. This is interpreted to reveal the Treasury view that the end of cheap money is not in sight. The “Daily Herald’’ says that Mr Chamberlain speaks of an 80 per cent return of prosperity, but there are still over 2,000,000 unemployed. The Budget is mainly an electioneering appeal to the middle section of tho community,' earning from £275 to £6OO a year. Mr Chamberlain has forgotten the 17,625,000 working class families with incomes below £250. They get only cheaper cinema seats.

Thp political correspondent of “ The Times’’ says that Labourites declare that tho budget is an electioneering measure, but it is more generally regarded as the Government’s gesture of goodwill to those who did not benefit last year.

“Tho Times,” in a leader, says:— With peace at Home and unity abroad, Britain should completely recover, but relaxation of effort is impossible while there is still an army of unemployed, and many districts are under the shadow of depression.