'The Election Budget', 1865. Artist: John Tenniel
'The Election Budget', 1865. Gladstone exclaims I Think, Mr Bull, We may now Reckon on Your Support! Gladstone gives John Bull some pennies and his wife a packet of tea. Mr Punch takes a regular look at Mr Gladstone's Budget. The 1865 proposals worked from a position of a surplus of some £4m, as shown on the sack at Mr Gladstone's feet. Income tax was reduced by 2d in the pound, bringing it from 6d to 4d and Mr Gladstone gives the man of the household, Mr Bull, the 2d saving. The lady of the household, Mrs Bull, receives the rather more domestic bag of tea, the duty on which had been reduced by 6d. This is a reflection of the separate duties of man and wife within marriage. This Budget was well received and bode well for the Liberals in the coming General Election. From Punch, or the London Charivari, May 13, 1865.
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