Complex sentence: In an effort to balance the budget and restore confidence in the pound, on the 10 September 1931 with Phillip Snowden still as Chancellor, the new national government issued an emergency budget, which immediately instituted a round of cuts in public spending and wages.
Split into simpler sentences: In an effort to balance the budget and restore confidence in the pound. On the 10 September 1931 with Phillip Snowden still as Chancellor, the new national government issued an emergency budget, which immediately instituted a round of cuts in public spending and wages.