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

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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 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
Alternative Names: Herbert Asquith Herbert Henry Asquith, 1st Earl of Oxford and Asquith

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Perhaps the House will allow me to add this: that I am afraid we must brace ourselves to confront one of those terrible events in the order of Providence which baffle foresight, which appall the imagination and make us realise the inadequacy of words to do justice to what we feel. We cannot say more at this moment than to give a necessarily imperfect impression of our sense of admiration that the best traditions of the sea seem to have been observed and that willing sacrifices were offered to give the first chance for safety to those who were least able to help themselves, and of the heartfelt sympathy of the whole nation to those who find themselves suddenly bereaved of their nearest and dearest.

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