The Stupendous Rate of War Expenditure in World War 2

£1,000,000,000 for the War

Stupendous National Expenditure

AIR BATTLES OVER THE COAST
The House of Commons has passed a further vote of credit for the war amounting to £1,000,000,000.

The Chancellor of the Exchequer (Sir Kingsley Wood) stated that the £700,000,000 granted by the House in March is approaching exhaustion, and the present rate of war expenditure is rather more than £50,000,000 a week.

The weekly rate of war expenditure for the last four weeks has been £54,000,000 equivalent to a daily rate of over £7,500,000
Source:
Bromley & Kentish Times,  12th July 1940, page 5

Share this:

Related posts

Leave a Reply