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It is, I think, a mistake to treat the annual Budget as if it were a thing by itself, and not, as it is, or as it certainly ought to be, an integral … - H. H. Asquith
" "It is, I think, a mistake to treat the annual Budget as if it were a thing by itself, and not, as it is, or as it certainly ought to be, an integral part and a necessary link in a connected and coherent chain of policy. In my opinion...the country has reached a stage in which, whether we look merely at its fiscal or at its social exigencies, we cannot afford to drift along the stream and treat each year's finance as if it were self-contained. The Chancellor of the Exchequer, in other words, ought to Budget, not for one year, but for several years.
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About H. H. Asquith
Herbert Henry Asquith, 1st Earl of Oxford and Asquith, KG, PC (12 September 1852 – 15 February 1928) was Prime Minister of the United Kingdom from 1908 to 1916. As Prime Minister, his Liberal Party government passed social legislation beginning the modern British welfare state and reducing the power of the House of Lords. He was the leader of the country during World War I and formed a wartime coalition with the Conservative Party. He was was forced to resign in favor of David Lloyd George due to disagreements over military strategy and conscription, leading to a split between the two that began the decline of the Liberal Party.
Also Known As
Birth Name:
Herbert Henry Asquith
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Herbert Asquith
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Herbert Henry Asquith, 1st Earl of Oxford and Asquith
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Additional quotes by H. H. Asquith
Is Germany prepared not only to evacuate Belgium, not only to make full reparation for the colossal mischief and damage which have accompanied her devastating occupation of the country, and her practical enslavement, so far as she can carry it out, of large portions of the population...but to restore to Belgium not the pretence of liberty, but complete and unfettered and absolute independence?
We are met here this afternoon under circumstances which are unexampled in the history of the British Parliament. ... For the first time in English history, the grant of the whole of the Ways and Means for the Supply and Service of the year—a grant made at the request of the Crown to the Crown by the Commons—has been intercepted and nullified by a body which admittedly has not the power to increase or to diminish one single tax, or to propose any substitute or alternative for anyone of the taxes. The House of Commons would, in the judgment of His Majesty's Government, be unworthy of its past and of the traditions of which it is the custodian and the trustee if it allowed another day to pass without making it clear that it does not mean to brook the greatest indignity, and I will add the most arrogant usurpation, to which, for more than two centuries, it has been asked to submit.
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The socialization or nationalization of production and distribution and the extinction of what is called Capitalism—by whatever name the ideal, and the process for its attainment, is called—would starve the resources, and, in time, drain away the life-blood of the great productive industries which depend for their efficiency on the free play of initiative and enterprise. And Labour is becoming more and more a class organization, an expression and embodiment of what is called “class-consciousness.” That again was significantly illustrated in the general strike, which was directed by organized Labour, and which was countenanced—it is true, in a somewhat shamefaced fashion—by the Parliamentary Labour Party leaders.
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