Each spring when the Chancellor of the Exchequer presents his budget to Parliament, the imposts and expenditures which he proposes are expected to hold good for the entire year. Once in a while, he may be forced to submit an "autumn budget," a phrase which in Britain has become virtually synonymous with economic trouble. When Parliament reconvenes this week, Chancellor of the Exchequer Rab Butler will submit an autumn budget. It will be Britain's first in eight years.
Britain has been speeding along the highroad of prosperity, but wages and prices are rising, and industries busy meeting domestic needs have been draining...
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