Just because the Budget is not throwing any one class
into a delirium of delight it must be pronounced a balanced Budget in more than the financial sense. It strikes a moral balance. By in effect raising the limit of incomes which are exempt from Income Tax it- helps the poor. But it also helps the people with what ma3t be called middle incomes and the lower ranks of the super-taxed. Then, again, the remission of sixpence in the Income Tax will help everybody and will also be a small fillip to trade. The equivalent of the Super MX remission, it is true, is added to the Death Duties, but the gainers and the losers by this neutralizing trans-. action will not be exactly the same persons. As for the introduction of All-in Insurance, our readers, who may perhaps have thought its over-persistent in pressing this reform during the past year, will understand with what pleasure we have read Mr. Churchill's promises on this subject. We fear that the Government have not in mind as comprehensive a scheme as we desire— a scheme to lay the triple spectres of illness, unem- ployment and death, and incidentally to supersede the Poor Law—but we are grateful that a beginning has been made.
