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There's a Hole in my Budget
MF: We wrote for these revues a great many topical numbers, and most of these don't have much meaning now, but one which has, alas, remained perennial, is our little folk song for the Prime Minister and the Chancellor of the Exchequer of the day, whoever he may be. They dance round the stage in ever-increasing inflationary spirals. It was, I'm horrified to see, originally written for Winston Churchill and RAB Butler, but we've recast it for you, and here it is.
DS: There's a hole in my budget, dear Harold, dear Harold,
There's a hole in my budget, dear Harold, my dear.
MF: Then mend it, dear Healy, dear Dennis, dear Dennis,
Then mend it dear chancellor, dear Dennis, my dear.
DS: But how shall I mend it, dear Wilson, dear Wilson,
But how shall I mend it, dear Wilson, my dear?
MS: By building up exports, dear Dennis, dear Dennis,
By increased production, dear eyebrows, my dear.
DS: But that means working harder, dear Harold, dear Harold,
And the workers must have more incentives, my dear.
MF: Then decrease taxation, dear Healy, dear Healy,
And raise all their wages, dear Healy, my dear.
DS: But where is the money to come from, dear Premier,
But where is the money to come from, my dear?
MF: Why, out of your budget, dear Healy, dear Healy,
Why, out of your budget, dear Dennis, my dear.
DS: But there's a hole in my budget, dear Harold, my dear!
MF: Yes, I'm rather proud of that, actually, how in 1951 how we explained this involved economic truth in simple revue terms. Alas, all too true today.
Originally from the album 'And The We Wrote...'.
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