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The History of England in Three Volumes, Vol.III. / From the Accession of George III. to the Twenty-Third Year of the Reign of Queen Victoria cover

The History of England in Three Volumes, Vol.III. / From the Accession of George III. to the Twenty-Third Year of the Reign of Queen Victoria

Chapter 1338: THE BUDGET.
By Edward Farr
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About This Book

The volume traces British political, parliamentary, and military developments from the accession of George III through the early nineteenth century, chronicling changes of ministry and cabinet, debates over colonial taxation and the American conflict, parliamentary controversies involving figures such as Wilkes and Warren Hastings, questions of Catholic relief and slave-trade abolition, and responses to the French Revolution and Napoleonic wars, including major naval and continental campaigns, the union with Ireland, and domestic legislation on finance, civil liberties, and parliamentary reform.

THE BUDGET.

On the 29th of June the chancellor of the exchequer brought forward his budget. He estimated the ordinary income at £51,550,000, and the extraordinary income at £580,000. The expenditure he estimated at £53,287,000. He contemplated a surplus income for the ensuing year of about three quarters of a million sterling. The statement was received favourably, but a general impression existed that the chancellor might have carried retrenchment much farther. The supplies, however, were granted upon the basis of the statement offered.