AN EMERGENCY BUDGET.
[To THE EDITOR Or THE "SPECTATOR."]
Sue,—Is it fair to assume, as is now frequently done, that there is no choice except between Mr. Lloyd George's Budget and Protection ? Surely an increase of existing taxes for the current year would give all parties breathing-time, and enable us to consider the whole question of taxation, local as well as Imperial. Ten per cent. on Income and Property Tax would give us £3,186,000, and 20 per cent on spirits, beer, tea, coffee, and tobacco £10,943,000, while cider, if taxed on the same basis as beer, should give several hundred thousand pounds, and thus help to make good the difference between anticipated and realised yields which generally occurs in the case of
increased taxation.—I am, Sir, &c., C. F. RYDER. Leeds.
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