FINANCING THE WAR
BRITISH PLANS APPROVED MEETING STUPENDOUS COST NO SOFTENING OF TRUTH (United Press Assn.—Elec. Tel. Copyright) LONDON, April 25 The full principles and details of the Government’s proposals for financing the war, which were expounded in Sir John Simon’s statement, in spite of their drastic character, meet with general approval. The Daily Telegraph says:—“The Chancellor was aware that he could rely upon the unanimous support of the country for a bold and realistic approach to the problem of meeting the stupendous cost of modern war. He has taken full advantage of that assurance to impose heavy increases in taxation, and, whatever criticism may be raised in detail, there will be none against his general principle of gathering in large additional revenues out of taxpayers’ pockets.” The Times characterises the Budget as one which possesses the great merit of stating the financial position without concealment or softening of the truth. The Daily Express criticises the proposed “purchase tax” foreshadowed by the Chancellor, and says:
“In effect it is a sales tax, although it carries another name.”
The Daily Herald adds to this criticism that such a tax will increase the cost of living.
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Bibliographic details
Waikato Times, Volume 126, Issue 21098, 27 April 1940, Page 7
Word Count
194FINANCING THE WAR Waikato Times, Volume 126, Issue 21098, 27 April 1940, Page 7
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