§ The final effect of all the changes I propose can be expressed thus: I hope to obtain in 1952–53 another £10 million from the Post Office, and £66 million extra from petrol. I hope also to save a net amount of about £80 million as the combined result of reducing the food subsidies but improving social benefits. This total of about £156 million is rather more than offset by the Income Tax reliefs, costing about £180 million; and, allowing also for the minor proposals which I have mentioned, the final surplus above the line, to which I drew the Committee's attention earlier, becomes about £510 million, slightly less than at the outset, but still, for the reasons which I have given, approximately the amount which the situation requires, and incidentally covering—as Sir Stafford Cripps taught us to do—the liabilities below the line in the conventional accounts. This, I think, is a thoroughly healthy and satisfactory conclusion.
§ This, then, is my Budget, necessary, I judge, to achieve our objectives in the year ahead, and also sufficient. But what is more, all its changes—the new revenue, and the savings from further economies—are being devoted to relieving hardship, reducing inequity and providing fresh incentives. Solvency, security, duty and incentive are our themes. Restriction and austerity are not enough. We want a system which offers us both more realism and more hope. These are the underlying purposes of the measures I have proposed, the deeper explanation of their character. We must now set forth, braced and resolute, to show the world that we shall regain our solvency and, with it, our national greatness.