“I hold that fiscal reform is, and must remain, the first constructive work of the Unionist party; That the objects of such reform are to secure more equal terms of competition for British trade and closer commercial union with the Colonies. ... the establishment of a moderate general tariff on manufactured goods, not imposed for the purpose of raising prices or giving artificial protection against legitimate competition, and the imposition of a small duty on foreign corn are not in principle objectionable, and should be adopted if shown to be necessary for the attainment of the ends in view or for the purposes of revenue.”

Letter to Joseph Chamberlain (14 February 1906), quoted in The Times (15 February 1906), p. 9
Leader of the Opposition

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "I hold that fiscal reform is, and must remain, the first constructive work of the Unionist party; That the objects of s…" by Arthur James Balfour?

Arthur James Balfour48

British Conservative politician and statesman 1848–1930

Related quotes

“Is the Unionist party, the Conservative party, to be without a definite policy of social reform? It is to our party that they owe the whole of that body of legislation connected with the Factory Acts, free education, the distribution of lands in the shape of allotments and small holdings, the compensation for accidents to workmen in the course of their employment…The policy of resistance, of negation, is no sufficient answer to that Socialist opinion which is growing up amongst us—the Socialist opinion the objects of which are, after all, worthy of earnest and even favourable consideration…that policy, by whomsoever propounded, is a policy which means money, which means expenditure, it is closely connected with the third object of our party officially declared—that fiscal reform is the first constructive policy of the Unionist party.”

Joseph Chamberlain (1836–1914) British businessman, politician, and statesman

Cheers.
Speech (25 June 1906), quoted in ‘The 1900 Club.’, The Times (26 June 1906), p. 14.
1900s

“I have already accepted the policy of Imperial preference…to the effect that a preference will be given on existing duties and on any duties which may subsequently be imposed. On this subject I think there is no difference of opinion between us. … I am prepared to say that the key industries on which the life of the nation depends must be preserved. I am prepared to say also that, in order to keep up the present standard of production and develop it to the utmost extent possible, it is necessary that security should be give against the unfair competition to which our industries have been in the past subjected by the dumping of goods below the actual cost of production. … I shall look at every problem simply from the point of view of what is the best method of securing the objects at which we are aiming without any regard to theoretical opinions about Free Trade or Tariff Reform.”

David Lloyd George (1863–1945) Former Prime Minister of the United Kingdom

Letter to Andrew Bonar Law (2 November 1918), quoted in The Times (18 November 1918), p. 4
Prime Minister

“Many of today's trading relationships actually make America more globally competitive.... Raising tariffs among the United States, Canada and Mexico will only weaken a well-oiled manufacturing machine that is driven by the high level of integration the three economies have in their supply chains. This integration makes the region as a whole more competitive vis-à-vis the world.”

George Shultz (1920) American economist, statesman, and businessman

A better way than tariffs to improve America's trade picture. https://www.cnn.com/2018/06/01/opinions/a-better-way-than-tariffs-to-improve-americas-trade-picture/index.html CNN opinion article written jointly with Pedro Aspe, Mexico's former secretary of finance, published June 1, 2018.

“The root objection to the pact is the nature of the Labour Party. It is not liberal. It is not becoming more liberal. The social democrats remain ineffective, or sneak off, after preaching equality to everyone else, to some of the highest-paid jobs open to the British. As a final spectacle of degradation, they are to be seen intimidating the Grunwick workers…The Labour Party remains without principle, clinging to office, paid by the trades unions, and with an anti-democratic Marxist wing. The pact, I fear, is having no effect on the nature of that party.”

Jo Grimond (1913–1993) British soldier, politician and academic

The Daily Mail (28 November, 1977).

“Put down all banks, admit none but a metallic circulation that will take its proper level with the like circulation in other countries, and then our manufacturers may work in fair competition with those of other countries, and the import duties which the government may lay for the purposes of revenue will so far place them above equal competition.”

Thomas Jefferson (1743–1826) 3rd President of the United States of America

Letter to Charles Pinckney (1820) ME 15:280
Posthumous publications, On financial matters

“Competition is the final price determinant and competitive prices may result in profits which force you to accept a rate of return less than you hoped for, or for that matter to accept temporary losses. And, in times of inflation, the rate-of-return concept comes up against the problem of assets undervalued in terms of replacement. Nevertheless, no other financial principle with which I am acquainted serves better than rate of return as an objective aid to business judgment. This principle had governed the thinking of the Finance Committee of General Motors since 1917.”

Alfred P. Sloan (1875–1966) American businessman

Source: My Years with General Motors, 1963, p. 140

“Legislatures have rewritten basic business laws, some whose principles date back thousands of years. Too often the goal has been to thwart competition, artificially inflate prices, hold down wages by decimating unions, reduce worker benefits and... restrict or bar access to the courts by those aggrieved.”

David Cay Johnston (1948) Investigative journalist and author

The Fine Print (2013)

“We are a remain and reform party.”

Tom Watson (Labour politician) (1967) British politician

Brexit: Cross-party deal must include new referendum - Sir Keir Starmer https://www.bbc.co.uk/news/uk-politics-48245499 BBC News (13 May 2019) <br class="br">2019

“What is the good, I ask, in the name of common sense, of prohibiting sweating in this country if you allow sweated goods to come in from foreign countries? If you insist on limitation, of hours and upon precautions for security, bear in mind all these things add to the cost of production, to the difficulties of the manufacturer in selling his goods, and unless you give him some increased price, some increased advantage in compensation, then he cannot carry on competition any longer. All these conditions in the long run will result not to your advantage, for you will have no work to do, but to the advantage of the foreigner, who is not so scrupulous and who conducts his work without any of these conditions…If protected labour is good, and I think in many ways it is…then it is good to protect the results of labour, and you cannot do one without the other.”

Joseph Chamberlain (1836–1914) British businessman, politician, and statesman

Speech in Liverpool (27 October 1903), quoted in The Times (28 October 1903), p. 6.
1900s

“Perfect competition must hold in product and factor markets, and also (and importantly) in capital markets. The assumption has two essential features: economic agents must be price takers; and they must have equal power.”

Nicholas Barr (1943) British economist

Source: Economics Of The Welfare State (Fourth Edition), Chapter 4, State Intervention, p. 73

Help us to complete the source, original and additional information

Arthur James Balfour48

Related quotes

Related topics