Word: chancellor
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Dates: during 1970-1979
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...progress of this nature could not continue for long," warned Healey in spelling out the details of an austerity program that placed stiff taxes on items ranging from cigarettes to sewing machines. "If people insist on paying themselves more than they're earning, somehow or other the Chancellor of the Exchequer, whoever he is, has got to take it away again or the whole thing will blow up." Although he stopped short of advocating statutory wage controls, Healey further outraged the unions by offering a budget that will in effect allow unemployment to rise from its current level...
...weeks party leaders in West Germany's ruling coalition had campaigned in the North Rhine-Westphalia state elections as if their claim to national power depended on it. Chancellor Helmut Schmidt's Social Democrats had slipped badly in seven previous state elections during the past year, and there were fears that the Tendenzwende (change in the trend) could snowball into a crushing defeat in next year's national elections...
...state elections were the last major tests of public opinion before the 1976 elections. Both contests were fought almost exclusively on countrywide issues: the economy, recession and inflation, unemployment, internal security against anarchist terrorists and the question of the growing left-wing influence within the S.D.P. The Chancellor's firm stand against the demands of terrorists who seized the West German embassy in Stockholm late last month took much of the steam out of the opposition's charges of "impotence" and "leniency." In addition, Schmidt's government released figures from the country's economic research institutes...
...these are big ifs. Although Schmidt has emerged as a European leader with clout-some European papers even refer to him as "Super-Schmidt"-the Chancellor has not resolved all his problems. The major ones...
...force Britain to declare a moratorium on repayment of foreign debts, slap tight controls on wages and prices and limit imports drastically. The result would be a sharp decline in British living standards. While recently presenting a new budget that imposes an additional 25% tax on most luxury items, Chancellor of the Exchequer Denis Healey warned that Britain must not exhaust the patience of foreign lenders. "We would then face the appalling prospect of going down in a matter of weeks to the levels of public services and personal living standards which we could finance from what we earned...