English Economy

• BUDGETS AND PROGRAMMES
  • Drafting the Programme
  • The Investment Programme
  • The Manpower Budget
• THE CONTROL OF IMPORTS
• A SYSTEM OF DEMOCRATIC ECONOMIC PLANNING
• THE GENESIS OF THE PLAN
• THE MOBILISATION OF RESOURCES IN WAR
• THE MOST IMPORTANT CONTROLS
• THE THEORETICAL AND STATISTICAL FOUNDATIONS
• THE THIRD ELEMENT

BUDGETS AND PROGRAMMES

• Drafting the Programme

  MOST people find, as a generał rule, that they would like to spend, in sum, more than they can afford. Without some examination of a projected expenditure in relation to the means, there is no guarantee that income is spent to best advantage, no assurance, in fact, that first claims have been met before the less important are satisfied... »

• The Investment Programme

  Bank-rate, reduced to 2 per cent after the crisis which forced the finał abandonment of the gold standard by Great Britain on Septem-ber 17th, 1931, was temporarily increased on the outbreak of war... »

• The Manpower Budget

  The effective limitation on the expansion of Great Britain's mili­tary contribution in the last two years of the war was the scarcity of manpower. Manpower from July 1943 "had become an almost continuous preoccupation of the War Cabinet" and manpower budgets, by the end of the war, "were the main force in determining every part of the war effort, from the numbers of R.A.F. heavy bombers raiding Germany to the size of the clothing ration"... »