Lloyd George explains National Insurance, 1912
| In this speech Lloyd George, as Chancellor of the Exchequer, answers
criticisms of the National Insurance Act. The national insurance fund
was made up of contributions from the worker, the employer and the
state. There was initial opposition from insurance companies, who
thought the government would put them out of business; from Conservatives,
who worried about the cost to the taxpayer; and from workers, who
were not used to having the Treasury take money directly from their
wages. HLRO LG/C/35/2/1 (2 February 1912) |
Transcript
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