Word: macmillan
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...efforts to join Europe, has taken the line of late that, politically and economically, the Common Market may already be too big for its own good. Last week, after a TV interview in which the Chancellor bluntly questioned "whether Britain really wants" political union. Prime Minister Harold Macmillan treated the undiplomatic incident as a threat to Britain's chances of admission to the European Community...
Awakening Whitehall. Deliberately disregarding private assurances from Macmillan that his government is committed to political integration with the Six, West Germany's Chancellor based his misgivings on the purposefully vague statements in the House of Commons by which Macmillan has sought to soft-pedal this potentially explosive issue. When cables reporting Adenauer's TV comments came clattering into London from the British embassy in Bonn late one night, Macmillan was sufficiently irked to prod the Foreign Office into action forthwith. At i a.m., when it takes a major crisis to awaken Whitehall, the government released excerpts from...
...Level Productivity. Bundesbank President Karl Blessing says West Germany is catching "the English disease," by which he means allowing wages to outrun productivity, thus pricing goods out of foreign competition. But the unpopular "wage pause" ordered by the Macmillan government a year ago has helped Britain to hold wage increases to 4.6% and to spur British exports to the Common Market countries, where wages are increasing much faster. Britain's increase in productivity, however, is a poor 2^%, and companies with excess capacity find little incentive to expand. Managers are also delaying decisions to spend until they learn whether...
...bickering between Paris and London, many top British officials, on second thought, viewed the impasse as a blessing in disguise. The delay, they reasoned, would stifle the criticism from British opponents of the Common Market on both the Left and the Right who have bitterly complained that the Macmillan government was rushing Britain into Europe with undue haste. Moreover, the deadlock could be interpreted by the Commonwealth Prime Ministers, who will confer in London next month, as heartening proof of Britain's intention to stand firm on behalf of Commonwealth interests and to hold out for the best possible...
...sizable number of them have thrown a shilling or two into a collection to buy it for the National Gallery. By last week, these and other contributions reached within $980.000 of the cut-rate $2,240,000 that the academy is now willing to settle for. Prime Minister Macmillan thereupon announced that the government would pay the difference. The charcoal drawing thus just misses topping the price of the most expensive oil painting ever sold−Rembrandt's Aristotle Contemplating the Bust of Homer, which Manhattan's Metropolitan Museum of Art bought for $2,300,000 at auction...