MR. WINSTON CHURCHILL’s Budget is, as he claims, a courageous attempt “to balance fairly the scales of social justice between one class and another”. The proposals for insurance and pensions are designed to give help where it is most needed, and assurance to the classes to whom uncertainty is the most insistent trouble. On the other hand, the income tax and super-tax relief are intended to release capital for investment, to stimulate industry and “thus incidentally to reduce unemployment”. It is not for us to enter into detailed criticism of the complicated proposals explained by Mr. Churchill with great lucidity in his Budget speech. Disraeli dished the Whigs, and, with his proposals for widows’ pensions and increased death duties, Mr. Churchill is, to some extent, dishing the Labour Party.
