Editing Arthur Fadden (section)

===Ascension to deputy prime minister===
The [[1940 Australian federal election]] resulted in a [[hung parliament]]. The UAP–Country coalition was able to remain in power with the support of two independent MPs, [[Alexander Wilson (Australian politician)|Alexander Wilson]] and [[Arthur Coles]]. The Country Party lost three seats to the Labor Party, and on 16 October the parliamentary party voted to remove Archie Cameron as leader. [[John McEwen]] and [[Earle Page]] both nominated for the leadership, and Fadden intended to nominate for the deputy leadership. McEwen and Page were tied at eight votes each after three separate ballots. During a break for dinner, Fadden was asked to become interim leader as a compromise between the two candidates, with the intention that another leadership ballot would be held in a few months. He was then elected unopposed as deputy leader and thus acting leader of the party. According to his biographer Tracey Arklay, "Fadden was selected because the majority in the party room considered that he was the man most likely to be able to broker deals and negotiate with Menzies and the UAP".<ref>Arklay (2010), p. 105.</ref> [[Edgar George Holt|Edgar Holt]] believed Fadden's personality was a major factor – "he had no obvious ambitions and he suffered from no delusions of grandeur [...] he was amiable and gregarious" – but also thought that Page had allowed Fadden to assume the leadership in order to deny it to McEwen.<ref name="Arklay 2010, p. 107">Arklay (2010), p. 107.</ref>

As the acting leader of his party, Fadden became the ''de facto'' [[Deputy Prime Minister of Australia|deputy prime minister]] and joined the [[Advisory War Council]]. He was sworn in as Treasurer on 28 October 1940, succeeding [[Percy Spender]], and presented his first budget less than a month later on 21 November.<ref name="Arklay 2010, p. 107"/> The budget featured increased levels of spending due to the ongoing war, offset by significant increases in taxation – including a reduction in the tax-free threshold, increased company taxes, and a tax on undistributed profits. In presenting the budget, Fadden noted that it brought about "the heaviest financial imposts ever placed upon the people of Australia".<ref>Arklay (2010), p. 110.</ref> It was highly unpopular among the general public, which up until that point had perceived the war to be still quite distant. The independent MPs contemplated voting with the opposition to reject the budget, but after negotiations and some amendments it was able to be passed, allowing the government to continue in power.<ref>Arklay (2010), p. 111.</ref>

Fadden was formally elected to the leadership of the Country Party on 12 March 1941, winning the ballot unopposed with the support of both McEwen and Page.<ref>{{cite news|url=https://trove.nla.gov.au/newspaper/article/17732446|title=Country Party Leader: Mr. Fadden Elected|date=13 March 1941|newspaper=The Sydney Morning Herald}}</ref>