World War II Today: July 23
1940 Chancellor of the Exchequer Sir Kingsley Wood announces third War Budget: income lax up 1d to 8s 6d in the £, beer up 1d a pint, purchase tax introduced for first time at 33% on luxuries, war expenditure for the next year estimated at £3,470,000,000. Secretary of War announces that Local Defense Volunteers to […]
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