• GROWTH IN NATIONAL EXPENDITURE.
As regards the national -finances, Mr. Churchill in fait-- recent speech in Scotland was once again more anxiOkis tO defend the growth in our public expenditure than '6.2( give the slightest signs of any zeal for economy. It may be all very well for the Chancellor of, the :Exchequer to assert in vague laShian that "it is 'quite impossible to, cut down in a drastic and rash manner the social servidea of the public," but what the City wants is an investigation: not only into the details of such expenditure but into the- question of how far the expenditure can be regarded a* reproductive and in that sense really ministering to the central wealth fund of the nation, without an increase I* Which there can be no raising of the general standard of living. As in trade* so- in the nitiblial finances, it seen* to .be regarded as sufficiently satisfactory if there is nol actual worsening of the position or any actual increase taxation;' whereas the plain facts are that the country crying out for economy and a relief from taxation a?) that industry can compete fairly with other nations. •
Previous page
