Abstract

Great Britain's Financial Outlook
MacDonald, William | July 20, 1918 issue

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The article focuses on the growing volume of war expenditure and war debt in Great Britain. A number of influential journals, not inclined ordinarily to alarmist talk, have been commenting sharply of late on the heedless extravagance of the House of Commons in voting money and of some of the executive departments in spending it. An appreciable part of Great Britain's colossal expenditure is due, not to the inevitable necessities of war, but to gross carelessness, swollen lists of civil servants, and political favoritism, is the charge brought against the Government by the journals just quoted arid by others of equal standing.

See Also:

FINANCE; EXPENDITURES, Public; WAR; DEBT; CIVIL service; GREAT Britain
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