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Alternative to these measures would be a tariff for revenue, anathema to Mr. Snowden but tempting to Mr. MacDonald. "I reiterate my opposition to such proposals," cried the Chancellor, white-lipped. "They would mean relieving the well-to-do at the expense of the poor...

Author: /time Magazine | Title: Foreign News: Blue Paper Budget | 5/4/1931 | See Source »

Chancellor Cheered. Mr. Snowden drew cheers with a promise not to increase the British "standard income tax rate" of four shillings six pence in the pound, "highest in the world...

Author: /time Magazine | Title: Foreign News: Blue Paper Budget | 5/4/1931 | See Source »

...gasoline tax, said Mr. Snowden, would be upped from four pence a gallon to six pence, "effective tomorrow...

Author: /time Magazine | Title: Foreign News: Blue Paper Budget | 5/4/1931 | See Source »

...Ramsay, assisted Philip to his seat, patted him on the back. "I feel better," glowed the Chancellor, "than before I began to speak." Up jumped the newly appointed Conservative fiscal spokesman, Rt. Hon. Neville Chamberlain (TIME, April 13). Amid Laborite roars of "Where's Churchill?" Conservative Chamberlain congratulated Mr. Snowden warmly, said stiffly that he would reply to the Chancellor's speech at a later date. Grinning, beaming, "Winnie" Churchill (ousted in favor of Mr. Chamberlain) shouldered his way out of the House, pursed his lips at shouts of "Speech, speech...

Author: /time Magazine | Title: Foreign News: Blue Paper Budget | 5/4/1931 | See Source »

...City (London's Wall Street) sighed with relief that the Snowden Budget is not more radical, dropped a pious tear for the landed Nobility & Gentry...

Author: /time Magazine | Title: Foreign News: Blue Paper Budget | 5/4/1931 | See Source »

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