174 THE BRITISH-APPROACH TO POLITICS

to embark on any great expenditure^ or make any notable

in financial policy. It has been. noticed that economic

play a part in determining the form of Government; in

discussing the Government of Great Britain the cleavage

those who own property and those do not must be

in mind. The banking system is one of the

which the former group may influence public policy.

BOOKS:

Report of Colwyn Committee on National Debt and Taxation,,

1927

, ARMITAGE SMITHS Principles and Methods of Taxation
C, G. CLARK, National Income and Outlay (Ch. VI.)