Word: daltons
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Dates: during 1940-1949
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Labor's shy Chancellor of the Exchequer, Hugh Dalton, was happy about...
...Philip Dalton...
...House of Commons, miner M.P. after miner M.P. rose to develop the Lawther theme. Tories who had fought the rising tide for years tried again to stem it. Laborite Hugh Dalton taunted them: "You haven't got your heart in it; there was no punch...
Said Chancellor of the Exchequer Hugh Dalton: "The great amount of debt we bring out of the war is indeed a strange reward for all we in this island did and suffered." Ernest Bevin frankly compared the U.S. to "a money lender." Raged Conservative Robert Boothby: "This is our economic Munich." Laborite Norman Smith chimed in that the U.S. was treating Britain as a defeated enemy forced to accept the victor's terms...
...British were not trying to dupe the U.S. A cut in taxes was a matter of pounds, and Britain's world needs were reckoned in dollars. She needed foreign exchange for imports, foreign capital for reconversion and exports, and only U.S. dollars could fill the want. Nothing Hugh Dalton did to British taxes could provide the dollars...