On Tuesday, Sir Eric Geddes led a deputation from the
Federation of British Industries to Mr. Baldwin at the Treasury. The deputation pleaded for lower taxa- tion and in particular for the abolition of the Corporation Tax and a further reduction of the Income-tax. It is impossible not to sympathize with the objects of the deputation from those direct personal motives which weigh with us all more than we sometimes allow. But there is, too, the very real hope that the lowering of taxation, even if it meant a less heroic balancing of the Budget than this country, alone almost of civilized communities, has attempted during the last few years, might allow the reabsorption of some of our unemployed, and thus naturally on the rebound, as it were, lessen State expenditure and the need for high taxation. Un- employment figures are again down, but they remain near the million and a half.
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