THE BUDGET

The video features Leslie Mitchell reporting from Movie Town on budget day. Mr. Butler, the Chancellor of the Exchequer, makes a cautious statement about his fourth budget, revealing no details until the announcement. The budget includes halving purchase tax on certain goods, freeing millions from income tax, and increasing allowances. A significant highlight is the reduction of sixpence in the standard tax rate, promising more money for taxpayers.

Who was reporting from Movie Town on budget day?

• Smith Square

• The Chancellor

• Mr. Butler

• Leslie Mitchell

What was Mr. Butler unable to disclose before the budget announcement?

• The location of the announcement

• The weather forecast

• Details of the budget

• His travel plans

What was one of the key proposals in Mr. Butler's budget?

• Increase in purchase tax

• Introduction of a new tax

• Halving of purchase tax on peace goods

• Reduction in household textile production

How many people were expected to be freed from income tax liability?

• Five million

• One million

• Two and a half million

• Ten million

What was the reduction in the standard rate of income tax?

• Threepence

• Sixpence

• Ninepence

• Twelvepence