Word: callaghans
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Instrument. S.E.T. is so odd an instrument that when it was introduced last May by Chancellor of the Exchequer James Callaghan, M.P.s of all parties, who had been ready to whoop into battle, were virtually stunned into silence...
Since the machinery for handling such a tax did not exist, Callaghan handed the job to the Ministry of Social Security, which will collect S.E.T. funds by selling stamps to be affixed to national-insurance cards. But the ministry has no ready way of determining which company rates help and which rates a penalty. So it will collect from all businesses-$3.50 a week for adult male workers, $1.75 for adult females and boys under 18, and $1.12 for girls under...
...months, followed by another six-month period of "great restraint." An unflappable administrator, Stewart is expected to handle the economic czardom with more zeal than Brown could have mustered for measures that go against his grain. He will also get along better with Chancellor of the Exchequer James Callaghan, who frequently clashed with Brown on economic policy...
...travail of Britain's not-so-sterling currency. Low productivity and lackadaisical management have con tributed to a chronic trade deficit, which last month increased 14% from the April level. The British appear to care more about mod than money. Mourned Chancellor of the Exchequer James Callaghan: "It seems we are talking to those who are deaf. In the end, the government cannot achieve success. Only the country can do that...
...Callaghan sat down to a silent House of Commons, which had expected harsh measures, but instead found them merely bewildering. Commented the London Times: "There was even an air of disappointment, as though the Commons were flagellants who had just had their whips confiscated by a benevolent abbot." Next day the critics were heard from. Businessmen predicted that the payroll tax would drive up the cost of living. Union leaders predicted that the bonus to manufacturers would increase the already serious problem of labor hoarding. The influential Economist simply dubbed the budget "fatheaded...