Item 173 - Letter from Hugh Dalton to F. W. Pethick-Lawrence

Open original Digital object

Identity area

Reference code

PETH/1/173

Title

Letter from Hugh Dalton to F. W. Pethick-Lawrence

Date(s)

  • 15 Feb. 1923 (Creation)

Level of description

Item

Extent and medium

1 sheet

Context area

Archival history

Immediate source of acquisition or transfer

Content and structure area

Scope and content

107 Albert Bridge Road, S.W.11.—Comments on Pethick-Lawrence’s budget proposals, with reference to his own, and recommends measures to be taken if a capital levy is ruled out for the present.

—————

Transcript

107 Albert Bridge Road, S.W.11.
15/2/23

Dear Pethick Lawrence,

I have nothing that can be called a criticism to make of your Labour Budget proposals. My own reply to Greenwood was less ambitious, as I made no attempt to estimate, or even guess, the revenue yield next year.

Several of my practical proposals, e.g. to halve all the food taxes, agreed with yours. An alternative, roughly equivalent from the revenue point of view, would be to concentrate on the sugar duty & reduce it by 75%.

The loss of annual revenue consequent on a Capital Levy is not easy to estimate. I have worked it out in some detail, so far as the inadequate available statistics allow, in my little book on this subject {1} which is now in the Press, & I don’t think I am far out of agreement with your estimates.

If Capital Levy is ruled out for the moment, the line to take in the House is, I think, simply the need to shift burdens, i.e. lower food taxes & more generous allowances etc for the smaller income tax payer and, on the other hand, more steeply graduated super tax and death duties.

Yours sincerely
Hugh Dalton.

—————

{1} Presumably Principles of Public Finance.

Appraisal, destruction and scheduling

Accruals

System of arrangement

Conditions of access and use area

Conditions governing access

Conditions governing reproduction

Language of material

Script of material

Language and script notes

Physical characteristics and technical requirements

Finding aids

Allied materials area

Existence and location of originals

Existence and location of copies

Related units of description

Related descriptions

Notes area

Alternative identifier(s)

Access points

Subject access points

Place access points

Genre access points

Description control area

Description identifier

Institution identifier

Rules and/or conventions used

Status

Level of detail

Dates of creation revision deletion

Language(s)

Script(s)

Sources

Digital object (External URI) rights area

Digital object (Reference) rights area

Digital object (Thumbnail) rights area

Accession area

Related subjects

Related genres

Related places