Word: budgeteer
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Dates: during 1930-1939
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Before grey-lipped Neville Chamberlain took a little key from his watch chain and opened the battered red leather Budget box to announce to the House of Commons last month a rise in the tax on tea and another threepence to the pound of income tax, somebody must have peeked (TIME, May 4). In a last-minute rush British companies were swamped with orders for insurance against a rise in the income tax. Lloyd's alone lost over $500,000. The only people who see Britain's Budget before it is announced in Commons are high Treasury officials...
...Britain believed that some Cabinet Member was responsible for last month's Budget leak. Three years ago when the British Government took over the defaulted bonds of Newfoundland, there was a similar leak which made fortunes on Newfoundland bonds for a favored few. Among the biggest plungers then was the brokerage house of Belisha & Co., whose senior partner is the uncle of Minister of Transport Leslie Hore-Belisha. A potent partner in Belisha & Co. is Leslie Thomas, son of dumpy James Henry Thomas, Britain's Secretary of State for the Colonies. One of the first facts discovered about...
Serious Laborites have called Jim Thomas a traitor to his party for joining the National Government. Jealous socialites call him a vulgar little bounder. Last week both groups were after his hide when Colonial Secretary James Henry Thomas appeared before Mr. Justice Porter to testify on the Budget leak...
...kind and quantity this has increased so rapidly during late years that more than half the nation's hospital capacity is devoted to care of the mentally deranged and in many States the cost of running insane asylums is one of the largest items in the annual budget...
...those sections of the statement where a company has to record any known facts or conditions likely to affect the company adversely, Standard Oil unburdened itself of a long harangue on the subject of taxes, which because rates are changed every year are "an unpredictable item in the budget...