Under the Prime Ministership of Lord Aberdeen, William Ewert
Gladstone is appointed Chancellor of the Exchequer. On 18th April
he introduces his first Budget, which abolishes most of the duties
on partially manufactured goods and foodstuffs and halves most
duties on manufactured products.
Citation:
Editors. "Gladstone introduces his first Budget".
The Literary Encyclopedia. First published 30 December 2011
[http://litencyc.com/php/stopics.php?rec=true&UID=18281, accessed 20 May 2013.]