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State Expenditure

Volume 148: debated on Tuesday 8 November 1921

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asked the Chancellor of the Exchequer whether, with a view to lessening the burden to the tax- payer during the present trade and business depression, he will consider the desirability of spreading the total expenditure on unemployment, voted in the Supplementary Estimates during this Session, over a period of five to ten years, raising a special short-term loan for this purpose?

No, Sir. My right hon. Friend the Chancellor of the Exchequer thinks it is essential that we should meet current expenditure out of current revenue.