“Ten years ago the incoming Conservative Government found the national finances in good order. …. What do we find to-day? Expenditure and indebtedness have been piled up, the income-tax stands at a shilling, war taxes are continued in peace time, the national credit is impaired, and a heavy depreciation has taken place in securities of every description. You only have to look around to see the result. Industry is burdened, enterprise is restricted, workmen are thrown out of employment, and the poorer classes are straitened still further in their circumstances.”

Election Address, quoted in The Times (8 January 1906), p. 8
Prime Minister

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Henry Campbell-Bannerman 19
Former Prime Minister of the United Kingdom 1836–1908

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