1 MAY 1936, Page 3

The Labour Party is hoping to unearth a first-class scandal

in connexion with the stories of Budget leakages. The Government will certainly not stand in the way of any enquiry. But it seems unlikely that anything will emerge from it. Some members are inclined to think that the Stock Exchange transactions on the day of the Budget were only such as might be induced by any ordinary intelligent anticipation of the Chancellor's intentions. They argue that after all the increase in the standard rate of income-tax was an even bet and the sum involved, according to recent statements, did not exceed £100,000.