British Budgets 1887-88 to 1912-13

By Bernard Mallet | Go to book overview
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Commons during this session to deal adequately with these proposals. The way in which the Finance Bill has been delayed until the very end of the session is only one further instance of the degradation of Parliament in these later days. Parliament has ceased to be a deliberative assembly, and if such examples as this will only bring to the country a sense of the seriousness of the position in which Parliament now is, then perhaps the present experiences will not have been altogether in vain."

The Bill, it may be added, passed through the Lords without debate although, strangely enough, it had been forwarded to them without endorsement by the Speaker as a Money Bill, and had thus reached the upper chamber in a condition which would have permitted of its rejection under the Parliament Act.


MR. LLOYD GEORGE'S FOURTH BUDGET, 1912-13.

April 2, 1912.

THE figures of this budget shewed, at last, a return to more normal conditions. The expenditure for the past year had amounted to £178,545,000 as against an estimate of £181,284,000, a saving of £2,639,000 excluding supplementary estimates of £555,000. Much of this saving arose from under-spending by the Admiralty (£1,535,000), really however only a postponement of expenditure. The revenue had reached £185,090,000, or £3,469,000 more than the estimate, for which excise (£2,562,000) and income-tax (£504,000) were principally responsible. The result was the largest "realized surplus on record"

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