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Word: programs (lookup in dictionary) (lookup stats)
Dates: during 1920-1929
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Thus is envisioned a shifting of the whole burden of British taxation so drastic as to seem epochal. Chancellor Churchill, beaming with confidence, announced that his program has the unanimous support of all members of Prime Minister Stanley Baldwin's Cabinet (Conservative). It is scheduled to come into effect as of Oct. i, 1929, with the passage of a series of bills, which the Cabinet expects to carry through Parliament before Christmas...

Author: /time Magazine | Title: Foreign News: Churchill's Budget | 5/7/1928 | See Source »

Budget. Apart from the daring program just set forth, the new Budget may be summarized thus: 1) Expenditures are estimated at ?806,195,000, and receipts at ?812.497,000, thus leaving an expected surplus of ?6,302,000; 2) Drastic economies will be effected by discharging 11,000 civil officials during the coming year; 3) The exemptions from the income tax already extended to parents, in proportion to the number of their children, are now sharply increased. Thus a single child, which brought an exemption of ?36 ($175), last year, is at present worth ?60 ($292) in exemptions. Additional children...

Author: /time Magazine | Title: Foreign News: Churchill's Budget | 5/7/1928 | See Source »

Significance. The immediate and specific features of the new Budget were all but ignored, last week, as Liberals and Laborites leaped up to attack Conservative Chancellor Churchill's program of shifting the local tax burdens of producers to distributors (and of course eventually to consumers...

Author: /time Magazine | Title: Foreign News: Churchill's Budget | 5/7/1928 | See Source »

Cried David Lloyd George (Liberal) bristling wittily at Chancellor Churchill: "Talk about robbing Peter to pay Paul! . . . He [Churchill] is robbing the whole twelve Apostles in order to endow Paul. . . . Any such program would constitute an indirect subsidy for the property owning classes [i.e. for the owners of farmlands and producer goods]. . . . The whole proposal is thoroughly vicious...

Author: /time Magazine | Title: Foreign News: Churchill's Budget | 5/7/1928 | See Source »

Impartial observers thought that the Conservative Cabinet has hit upon a shrewd program, well calculated to catch votes, and probably destined to further the extremely basic interests of British industry and agriculture. The burden of the "rates" has not seldom been recklessly imposed by local authorities, and should properly become a matter of national concern. Finally the 1,000,000 workpeople who continue unemployed in Great Britain should be able to find many a job in the producing industries which Chancellor Churchill proposes to assist or partially subsidize. Therefore the votes of the unemployed and the votes of most laboring...

Author: /time Magazine | Title: Foreign News: Churchill's Budget | 5/7/1928 | See Source »

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