William Ewart Gladstone10 February 1860
The Bill to abolish duties on paper narrowly passed Commons but was rejected by the House of Lords. As no money bill had been rejected by Lords for over two hundred years, a furore arose over this vote.
Great Britain · Government / Liberal Party Government. Chronological records rendered directly from the World History Database.
The Bill to abolish duties on paper narrowly passed Commons but was rejected by the House of Lords. As no money bill had been rejected by Lords for over two hundred years, a furore arose over this vote.
The budget "marked the final adoption of the Free Trade principle, that taxation should be levied for Revenue purposes alone, and that every protective, differential, or discriminating duty...should be dislodged".
The budget reduces the number of duties to 48, with 15 duties constituting the majority of the revenue but to finance these reductions in indirect taxation, the income tax, instead of being abolished, is raised to 10d. for incomes above pounds 150 and at 7d.
This record states: Gladstones budget is introduced with the Cobden-Chevalier Treaty between Britain and France that would reduce tariffs between the two countries.
This record states: Some of the duties Gladstone intended to abolish in 1860 were the duties on paper, a controversial policy because the duties had traditionally inflated the costs of publishing and thus hindered the dissemination of radical working-class ideas.
This record states: The next year, Gladstone included the abolition of paper duties in a consolidated Finance Bill (the first ever) to force the Lords to accept it, and accept it they did.
for incomes above pounds 100.
The Budget is rejected by the Lords because they oppose the abolition of paper duties. Tariffs on 400 articles & paper are removed. National debt interest is reduced by 2 million pounds. Direct tax is raised from 9d to 10d, due to extra defence spending
The Lords refuse to abolish paper duties & reject the budget. The Cabinet decides to refer the Budget to the Commons Committee of Privileges
Approval of the budget by the Lords becomes common practice. Abolition of paper duty is included in the budget & passed by the Lords
Proposes cuts in the arms expenditure but dies before carrying them out
Gladstone is defeated by the Irish Party's vote on the budget
Introduces death duties
Speaks against the Lords rejection of the Budget, refers to dangers of class warfare
The Lords reject the Budget by 350 votes to 75
The Lords reject the Budget by 350 votes to 75
Defends free trade & attacks the Lords for rejecting the Finance Bill
Raises taxes on upper incomes & large Estates
With the support of the Irish Nationalists Asquiths Budget is passed by the Commons
The Commons votes in favor of the Peoples Budget of 1909, including the whisky duty
The Budget is presented to the House of Commons & passes by 324 votes to 231
Churchill wants strong measures against the Lords if they reject the Budget
The Budget is presented to the House of Commons & passes by 324 votes to 231
The Lords is presented with the Budget & passes it without a division
The Lords passes the Budget without a division
Churchills proposals to increase Naval expenditure split the cabinet
Churchills proposals in cabinet to increase Naval expenditure are accepted
Churchill wins his case to increase the budget on the Navy
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