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Because of his actions as Chancellor, Gladstone earned the reputation as the liberator of British trade and the working man's breakfast table, the man responsible for the emancipation of the popular press from "taxes upon knowledge" and for placing a duty on the succession of the estates of the rich. [67]
William Harcourt, successful promoter of 1894 reforms. The succession duty's taxation of the life interest in real property, as opposed to its full capital value, was seen to be unfair to heirs of different ages, as elder heirs effectively received a life interest that was lower in value than one received by a younger heir, even when they were shares in the same property.
Gladstone, William E. Midlothian Speeches 1879 with an Introduction by M. R. D. Foot, (New York: Humanities Press, 1971) online Guedalla, Philip , ed. Gladstone and Palmerston: Being the Correspondence of Lord Palmerston with Mr. Gladstone, 1851–1865 (1928)
Government should be limited to defence, public works and the administration of justice, financed by taxes based on income. [ 82 ] Smith's economics was carried into practice in the nineteenth century with the lowering of tariffs in the 1820s, the repeal of the Poor Relief Act that had restricted the mobility of labour in 1834 and the end of ...
Gladstonian liberalism is a political doctrine named after the British Victorian Prime Minister and Liberal Party leader William Ewart Gladstone.Gladstonian liberalism consisted of limited government expenditure and low taxation whilst making sure government had balanced budgets and the classical liberal stress on self-help and freedom of choice.
After campaigning against the foreign policy of the Beaconsfield ministry, William Gladstone led the Liberal Party to victory in the 1880 general election.The nominal leader of the Party, Lord Hartington, resigned in Gladstone's favour and Gladstone was appointed Prime Minister of the United Kingdom for a second time by Queen Victoria.
William Gladstone served as prime minister four times (1868–74, 1880–85, 1886, and 1892–94). His financial policies, based on the notion of balanced budgets , low taxes and laissez-faire , were suited to a developing capitalist society, but they could not respond effectively as economic and social conditions changed.
William Ewart Gladstone was the Liberal prime minister of the United Kingdom of Great Britain and Ireland on four separate occasions between 1868 and 1894. He was noted for his moralistic leadership and his emphasis on world peace, economical budgets, political reform and efforts to resolve the Irish question.