• Short Summary

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  • Description


    CU ROY JENKINS SPEAKS ON THE BUDGET HE PRESENTED TO THE HOUSE



    SOF AT 6 ft



    'THIS HAS BEEN AN EXTREMELY HARSH BUDGET - IT HAD TO BE....' SPEAKS OF LETTING THE BENEFITS OF DEVALUATION SLIP THROUGH OUR FINGERS. THEN OF THE GOLD CRISIS THE WEEK BEFORE. THE IMBALANCE BETWEEN EXPORTS AND IMPORTS. LIVING STANDARD AND HOW WE ARE FALLING BEHIND CONTINENTAL COUNTRIES. THIS BUDGET TRIES TO TAKE THE OPPORTUNITIES OF DEVALUATION OF STRENGTHEN THE ECONOMY. NECESSITY FOR LONG TERM PLANNING. STRONGER POLICY IN BUDGET FOR INCOMES AND PRICES. INCOMES CANNOT GO ABOVE THE 3 1/2% CEILING THIS YEAR. SECONDLY USED BUDGET TO CUT DOWN PURCHASING POWER BY DIRECT TAXES RATHER THAN CUTTING PAY PACKET. NO INCREASE IN TAX ON EARNED INCOME. PURCHASE TAX IS UP ALL ROUND WITH NEW SPECIAL RATE FOR LUXURIES. SPIRITS AND TOBACCOS TAX UP AND THE MOTORIST HAS HAD TO PAY HEAVILY. SELECTIVE EMPLOYMENT TAX INCREASED BY A HALF. SERVICE INDUSTRIES TAXED HEAVILY. DIRECT TAX - A SPECIAL ONE ON UNEARNED INCOME.



    SUMS UP - EXPECTS COMPLAINTS, BUT IT IS NECESSARY.




    Initials



    Script is copyright Reuters Limited. All rights reserved

  • Tags

  • Data

    Film ID:
    VLVA812LQNGGX8QKCST2FLNZ5IG5O
    Media URN:
    VLVA812LQNGGX8QKCST2FLNZ5IG5O
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    01/03/1968
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:09:05:00
    Time in/Out:
    /
    Canister:
    N/A

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