COMING EVENTS— ,
We are now approaching the period when the estimates of expenditure for the next year's Budget are in course of preparation, while- it may be well to remember also that the lifetime of the present Parliament is nearing its close. What will be the effect-of anticipations of the next General Election upon the Government's financial policy ? Will there be an eleventh-hour repentance concerning past prodigality in the national expenditure, or will there on the contrary be an attempt to demonstrate that the Revenue is now expanding in a manner to permit of yet further outlays for " Social Services " ? In this connexion it must not be forgotten that the Labour Party has already made a bid for popularity (amongst its followers) by announcing its intentions to impose what is really a Capital Levy under the guise of a great increase in the Income Tax, and, as I stated a few weeks ago in these columns, we haye unfortunately only too often seen these programmes of the Labour extremists " set the pace-" as regards the programme of the Conservative Party.
Previous page
