Oldham, C.H. 'British finance of the war'. - Dublin: Journal of the Statistical and Social Inquiry Society of Ireland,Vol. XIII Part XCVI, 1915/1916, pp317-328
Journal of The Statistical and Social Inquiry Society of Ireland Vol. XIII Part XCVI 1915-1917
My desire is to ascertain how the United Kingdom is
financing this war; how is the money being found for the
vast expenditure which is necessary; how much is being
found by loans, and how much by taxation; and of the new
taxation how much is direct taxes and how much is indirect
taxes. To go into the particulars of four Budgets would be
to get swamped in details. Accordingly I will ignore the
division into separate financial years, and I will take the
two years from April 1, 1914, to March 31, 1916, as one
entire period, being four months of peace and twenty
months of war.
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