Word: daltonics
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Said Chancellor of the Exchequer Hugh Dalton: "The great amount of debt we bring out of the war is indeed a strange reward for all we in this island did and suffered." Ernest Bevin frankly compared the U.S. to "a money lender." Raged Conservative Robert Boothby: "This is our economic Munich." Laborite Norman Smith chimed in that the U.S. was treating Britain as a defeated enemy forced to accept the victor's terms...
...paid workers went the most important benefit: a single person making less than ?2 75. ($9.40) a week henceforth would pay no income tax at all. A man with a wife and five children could make up to ?9 35. ($36.60) a week before he must pay taxes. Said Dalton: "In the future it will pay to have five children." But Britons in the middle brackets would still be paying higher income taxes than comparable Americans...
...method, it was like any Tory budget. But its arithmetic was drastically different, not because socialists had written it but because Britain was at peace. Hugh Dalton achieved a miracle: he pleased almost everybody. To Britons, his budget brought a 10% cut in the standard income-tax rate, more deductions for wives, the abolition of a 33 1/3% tax on household goods. For business, the excess-profits...
Usually rated diligent but dull, Hugh Dalton blushed when the House cheered him last week. Tories were relieved. Bankers beamed. Even Lord Catto, certain that his bank would soon be taken over by the new Government, was not shocked. Britain's new budget was a good, middle-of-the-road job. Next day, prices rose on London's stockmarket...
...British were not trying to dupe the U.S. A cut in taxes was a matter of pounds, and Britain's world needs were reckoned in dollars. She needed foreign exchange for imports, foreign capital for reconversion and exports, and only U.S. dollars could fill the want. Nothing Hugh Dalton did to British taxes could provide the dollars...