Liberty has restraints but no frontiers. - David Lloyd George

[W]e must profit by the lessons of the war. ... [T]he first lesson it has taught is the immense importance of maintaining the solidarity of the British Empire. (Cheers.) It has rendered a service to humanity the magnitude of which will appear greater and greater as this generation recedes into the past. ... This Empire has never been such a power for good. To suggest that such an organization could fall to pieces after the war would be a crime against civilization. ... The British Empire will be needed after peace to keep wrongs in check. Its mere word will count more next time than it did the last. For the enemy know now what they have got to deal with.

This, Mr. Emmot, is a war Budget. It is for raising money to wage implacable warfare against poverty and squalidness. I cannot help hoping and believing that before this generation has passed away, we shall have advanced a great step towards that good time, when poverty, and the wretchedness and human degradation which always follows in its camp, will be as remote to the people of this country as the wolves which once infested its forests.

Now, all we say is this: "In future you must pay one halfpenny in the pound on the real value of your land. In addition to that, if the value goes up, not owing to your efforts—if you spend money on improving it we will give you credit for it—but if it goes up owing to the industry and the energy of the people living in that locality, one-fifth of that increment shall in future be taken as a toll by the State".