...what would be most extraordinary is this, that anybody who considered the state of the Liberal party then and now should expect me voluntarily to … - Archibald Primrose, 5th Earl of Rosebery

Now, what is the policy? It is, so far as we know, to interfere with the established fiscal policy of this country in order to promote the union of the Empire—that is to say, it is to affect gravely, if not to sap, the foundations of the edifice in order to promote the stability of the structure. (Laughter and cheers)...Had free trade failed us in the 57 years of experience we have had of it, had we found ourselves with a shrinking trade, a diminished revenue, a population on the verge of poverty, we should long ago have reviewed the whole system of free trade and reconsidered it. But we find ourselves, so far as all statistics can give us a clue, at a pinnacle of wealth such as no nation of the size has ever reached in the history of the world...The Empire is built up on free trade...your Empire is founded on the condition, and it could not have existed until now except on that condition, that every self-governing part of it shall have the right to work out its own prosperity by its own methods. I do not know why it should enter the heads of any statesman to deny that liberty to the United Kingdom.

[The British Empire is] the greatest secular agency for good now known to mankind.

This is not a Budget, but a revolution; a social and political revolution of the first magnitude.