The Archive · 1940

Heavier Taxation Looms in Britain

All Parties Welcome New — Warning of Need for Big Effort to Raise Funds

London, May, 30.

Speaking in the House of Commons yesterday on the sedand reading of the finance bill, the Chancellor of the Exchequer, Sir Kingsley Wood, fore-a considerable increases in taxa-Pointing out that the total taxation. revenue had risen from £/165,000,000 in 1936-37 to £1,200,- 000,000 at the present date, he stated:

"Those burdens will be borne unflinchingly but I tell the House I have no doubt it will be necessary to increase them further in the near "I feel the rate of taxation and lut I also feel that nothing which mi Lid 2

Text read from the printed page and cleaned; old type leaves the occasional error.

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