HC Deb 30 June 1910 vol 18 c1141

Just one word about the future. Last year in preparing the Budget we took stock not merely of existing liabilities, but of commitments in sight. We knew there would be a large increase in the Navy this year, and probably next year. I hope in the following year, when the German programme drops by 50 per cent., we shall all return to a more normal condition, and, if I may say so, a saner condition. But, at any rate, last year we budgeted not merely for the liabilities of the year, but for the increased liabilities which we saw in front of us, and which were inevitable for this year and next. We budgeted for Old Age Pensions, Labour Exchanges, Irish education, extension of pensions to paupers, with a contribution from the local authorities, grants towards the development of agricultural and other resources of the country, the fitting of the roads for the new demands of mechanical traction, unemployment and invalidity insurance, and I expressed some hope that we should have something left for the relief of local taxation. What happened? This year we are in a position to meet all these demands except two—invalidity insurance and local taxation—and even to the extent of £300,000 we have relieved local taxation. We could have proceeded with unemployment and invalidity insurance this year had the Budget gone through in the ordinary course.