Word: holdbacks
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Dates: during 1960-1969
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...holdback on government expenditures close to last year's level, to be accomplished partly by asking NATO for help in paying the $182 million annual cost of maintaining British troops in West Germany. The government will also freeze wages in the nationalized industries to hold spending in line and avoid another round of inflationary wage rises. Lloyd expressed the rather wishful hope that private industry and labor would follow suit...
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