Word: britain
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...issue was the rescue of Westland, Britain's only helicopter manufacturer, which lost almost $140 million last year. The company's board of directors favored a bailout bid by Sikorsky, a division of United Technologies Corp. of Hartford, Conn., in conjunction with Italy's Fiat. Heseltine, fearing an erosion of Britain's industrial competitiveness, had promoted a rival rescue plan through an all-European consortium that included British Aerospace (1985 sales: $3.6 billion). The Thatcher government professed to be neutral, but Heseltine and others charged the Prime Minister with favoring...
...TIME board members were divided over the issue of whether Europe could stimulate its economies more without risking higher inflation. Mast pointed out that West Germany, Britain and France have already introduced tax cuts. Any stronger measures, he indicated, could bring about more price increases and higher interest rates. Mast was backed by Samuel Brittan, an assistant editor of the Financial Times London, who felt that government action push growth would result in "some of the inflationary dangers that made our flesh creep a few years...
...BRITAIN. Private consumption, which is expanding faster than exports and investment, should lead to 3% growth this year. Inflation is expected to fall to about 3.8% by the end of the year. Unemployment is 13%, but it is likely to fall slightly. Brittan noted that declining oil prices are reducing British revenues and putting pressure on the pound. He predicted that the government would raise interest rates, if necessary, to maintain the value of the currency...
...estimates by TIME's European Board of Economists... Growth % change in real G.N.P., 4Q over 4Q Inflation % change in C.P.I., Dec. over Dec. Unemployment % of civilian labor force, year-end W. Germany 2.3 1.8 9.2 France 1.4 4.9 10.0 Britain 3.5 5.5 13.0 Italy 2.6 8.6 10.8 Sweden 2.5 5.3 2.9 W. Europe 2.7 5.0 11.3 U.S.[*] 2.4 3.6 (Nov./Nov) 6.9 ... and their 1986 forecasts Growth % change in real G.N.P., 4Q over 4Q Inflation % change in C.P.I., Dec. over Dec. Unemployment % of civilian labor force, year-end W. Germany 3.0 2.0 8.5 France 2.1 4.0 11.0 Britain...
...Britain's most versatile man of letters was once the fledgling rebel with a cause. When Michael Frayn was a schoolboy in the late 1940s, he and a friend "discovered the revolutionary tradition. We ran an unofficial Marxist cell, and I described myself as a Communist." Frayn's widowed father, an asbestos salesman and orthodox Laborite, was not amused. He declared that higher education was rubbish and that Michael should leave school to become a sales trainee. The son, more mole than firebrand, slowly undermined that plan and found his way to Cambridge, first as an army recruit sent...