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In this year began the Tariff Reform movement initiated by Mr Joseph Chamberlain, but Free Trade retained a strong hold on the British electorate, and the return of the overwhelming Radical majority to parliament in 1906 involved its retention under the fiscal policy of that party.
On October 1st Mr Balfour spoke at Sheffield, reiterating his views as to free-trade and retaliation, insisting that he intended to lead, and declaring that he was prepared at all events to reverse the traditional fiscal policy by doing away with the axiom that import duties should only be levied
Finance was in a deplorable state, and as controller-general he formulated a new fiscal policy, consisting of neither fresh taxation nor loans,but of retrenchment.
fiscal policy pronunciation with meanings, synonyms, antonyms, translations, sentences and more