British War Finance
Year: 1915
Type: article
Abstract: THE financial position to-day is serious."This declaration of the Prime Minister, made in circumstances of more than usual formality, on November 2nd, 1915, suggests that a brief survey of the war finance, and of the financial problems that now confront us, may not be altogether untimely.Three weeks earlier the Financial Secretary, in a remarkable speech on the Finance Bill, had given what to the public generally was the first official intimation of the real nature of the situation, and of the uncompromising transformation of our ordinary economic life which it demands.It is further convenient for a review of the whole position that we have in the Chancellor's recent Budget speech authoritative figures and estimates which bring the necessary data for discussion nearly up to date.Many similar reviews have already appeared, and anyone writing on the subject must, in particular, be under obligation to the works of Mr. Lawson and Mr. Withers mentioned at the head of this page, as well as to the admirable compendium of war legislation, edited by Mr. Pulling, the financial volume especially.Mr. Lawson and Mr. Withers both deal with the past rather than with the future : with the war crisis rather than with the fundamental finance problems caused by the war ex-
Source: The Economic Journal
DOI: 10.2307/2221594
Language: English
Topic: Economic and Fiscal Studies
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2329150595