 Lyons served as acting Treasurer from August 1930 to January 1931, whilst Scullin was in Britain for the Imperial Conference.Lyons announced his plan for recovery in October 1930, insisting on the need to maintain a balanced budget and cut public spending and salaries, although also advising lower interest rates and the provision of greater credit for industry.His conservative economic approach won him support among business, but angered many in the Labor caucus, who wanted to expand the deficit to stimulate the economy, and were horrified at the prospect of cuts in salaries and government spending.