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NATIONAL SAVINGS MOVEMENT
LONDON TRADES UNION ADVISORY COMMITTEE
A Few Facts about WAR SAVINGS from a Trade Union Viewpoint
WHY are trade unionists called upon to save money when demands upon the housewife's purse have increased ?
BECAUSE there is a shortage of products and unless spending is restricted and voluntary savings are increased "until it hurts," then it will not be possible to avoid disastrous inflation. Neither will the country be able to face the lean years after the war. It is crystal clear, therefore, that both to win the war and the peace we must, for the present, go without everything but the bare necessities of life. Saving on the grand scale pins down prices, and lower prices mean more real wages. Thus £1 saved is more than £1 gained.
If we spend unnecessarily we commit financial suicide; therefore we must save voluntarily. There is another course — namely, a Government comprehensive scheme of compulsory savings; but all men of good will hate compulsion of any kind and Britishers do not require to be compelled to do the right thing.
WHAT is the money for ?
IN the month of August, 1941, Britain's public expenditure was £ 12,200,000 per day. In the current financial year Britain's total expenditure will exceed £4,500,000,000, and the bulk of this enormous total
SAVINGS TO-DAY mean FREEDOM TO-MORROW