RESULTS OF PROCRASTINATION.
Very simply stated, I think that the first explanation is to be found in the grave delays in bringing about the necessary reforms. The warnings against National extravagance have been going on for years and no political party has heeded them. From time to time Chancellors of the Exchequer have made solemn state- ments in the House, but these have only been followed by a further addition to unproductive expenditure. The masses of the people have, as a result of this policy, been led to believe that the wealth of the nation was inexhaustible, while the abuse of the Dole has gone to such lengths as to have become a veritable scandal. The comparative disregard of the present Government for the Interim Report of the Royal Commission on Unemployment gave a shock to those who had a real knowledge of the true economic position of the country, while' the fact that Parliament broke up for three months immediately following upon the issue of a Report by the Economic Committee foreshadowing a Budget deficit of £120,000, proved to be the final event under- mining confidence.
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