Excerpt from Inflation The Prime Minister and the Chancellor of the Exchequer have declared in Parliament that the excess of public expenditure over revenue threatens the country with national bankruptcy and ruin. The gloom of the forecast is justified by figures which are perfectly plain and ought to be understood by every thinking person. In the last Budget estimate before the war (1913 - 14) the total produce from taxes was put down at GBP160 millions. For the present financial year the charge for public debt is GBP400 millions and for pensions GBP100 millions, that is to say more than three times the pre-war revenue from taxation. Subsidies for bread, railways, trade and unemployment will absorb at least another GBP160 millions. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.