“We are bound also to consider what are those taxes, the removal of which will give more scope to commercial enterprise, and occasion an increased demand for labour. ... let the House remember that the principle on which we have gone, and gone advisedly, is the absolute repeal of taxation in many cases. ... We do hope that the direct and instant effect will be increased consumption of many articles now subject to duty, invigorating the industry and extending the commercial enterprise of the country through other channels, and supplying the void we cannot hope to fill up by direct taxation. ... We have taken this course after careful consideration, and we recommend this plan from a deliberate conviction that if sanctioned by Parliament it will conduce to the extension of industry, to the encouragement of enterprise, and that the result of that extension of industry and encouragement of enterprise will be the benefit of all classes of the community, whether they are directly or indirectly connected with commerce, manufactures, or agriculture.”

— Robert Peel

Budget speech https://api.parliament.uk/historic-hansard/commons/1845/feb/14/financial-statement-the-budget in the House of Commons (14 February 1845)
Prime Minister

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Robert Peel 14

British Conservative statesman 1788–1850

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Robert Peel 14

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