Word: chancellor
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Dates: during 1940-1949
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...called a traitor to his class. Among Laborites, sarcastic Tory-lasher Dalton won honors, if not complete confidence. During World War II he served first as Minister of Economic Warfare, later as President of the Board of Trade. After the war, Clement Attlee made him Chancellor of the Exchequer, traditionally No. 2 post in the British Cabinet. Recently, as Sir Stafford Cripps towered into prominence as Britain's economic dictator, Dalton's own political stature shrank...
...principle of the inviolability of the budget," Attlee wrote to Dalton, "and the discretion of the Chancellor of the Exchequer, who necessarily receives many confidential communications, must be beyond question." He accepted Dalton's resignation...
...Husband, a play about a British official who had sold a Cabinet secret to a stockbroker. For Dalton, unlike Sir Robert Chiltern of Wilde's play, there was no happy ending-at least not immediately. His old rival, Sir Stafford Cripps, became, in addition to his other duties, Chancellor of the Exchequer...
Within a fortnight of his appointment, Cripps had come to overshadow Attlee and Herbert Morrison and even Ernest Bevin. Chancellor of the Exchequer Hugh Dalton sulked in Cripps's long shadow. The Government now had direction, drive and vision. If British recovery failed under Cripps it would be because 1) world conditions forbade recovery, or 2) democratic socialism would not work, or 3) both...
...rest she got by selling gold to the U.S. As Britain has now drawn $180,000,000 from the Fund, she can draw only around $151,000,000 more. Her total gold and dollar reserves are now down to some $2,500,000,000. Despite new cuts in imports, Chancellor of the Exchequer Hugh Dalton said that the sterling area's gold and dollars are still being drained "at a ruinous rate of $70,000,000 a week...