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Financial Year (Budget Date)

Volume 463: debated on Thursday 14 April 1949

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50.

asked the Chancellor of the Exchequer whether he will in future alter the financial year so as to make it coincide with the calendar year and introduce the Budget as soon as possible after the beginning of the year.

Is the right hon. Gentleman aware that the accident of an April Budget is due solely to the fact that the Chancellor in 1832 had influenza in February, and that there is no sound reason for this inconvenient division of the year from a business and financial point of view? Is it not about time that the right hon. Gentleman faced the future?