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...TIME, Jan. 28) earned him a reputation for vision; he won the admiration of Britain's business community by his unflinching fight against the domestic inflation that lies at the root of Britain's economic difficulties. Early last week the Times of London gave Prime Minister Harold Macmillan high marks for "coolly and firmly backing a courageous Chancellor of the Exchequer." But even as subscribers were reading these flattering words over their morning tea, Peter Thorneycroft had ceased to be Chancellor of the Exchequer...

Author: /time Magazine | Title: GREAT BRITAIN: One Percent Difference | 1/20/1958 | See Source »

...Little Local Difficulties." Next day, in a stiff letter to Macmillan, Thorneycroft wrote: "My reason can be shortly stated . . . The government itself must, in my view, accept the same measure of financial discipline as it seeks to impose on others." No less curtly, Macmillan replied: "You say that the [budget] for the next year must be the exact equivalent of the sum spent this year. The rigid application of this formula would do more harm than good . . . This is not a matter of popularity . . . This is a matter of good judgment ... I particularly regret that you should think it necessary...

Author: /time Magazine | Title: GREAT BRITAIN: One Percent Difference | 1/20/1958 | See Source »

...London the first reaction was: "He's mad-stark, staring mad." Mintoff's next move was to fire off a cable to Colonial Secretary Alan Lennox-Boyd proposing a "truce," and urging that British Prime Minister Harold Macmillan intervene with the Admiralty to get the dockyard firings canceled. A day later came news that the firings had been cut from 40 to 30, and that alternative jobs would be offered all 30 discharged workmen...

Author: /time Magazine | Title: MALTA: Penny-Wise | 1/13/1958 | See Source »

Back in London, Foot proceeded to map out for Prime Minister Harold Macmillan and the Colonial Office the road he favored. Best guess as to Sir Hugh's recommendations: immediate talks either in Cyprus or London with Archbishop Makarios, leader of the Greek Cypriot community whom the British still refused to allow to return to Cyprus. Object of the talks: to agree upon a set period of self-government for Cyprus, after which the Greek majority (80%) of the island's inhabitants could decide in favor of union (enosis) with Greece if they still wanted...

Author: /time Magazine | Title: CYPRUS: The Bridge Builder | 1/13/1958 | See Source »

Although the job thus demands high qualifications, Lord Hailes was apparently chosen mostly for political reasons: as Patrick ("Paddy") Buchan-Hepburn he served 25 years as a Conservative Member of Parliament, seven years as Tory Whip. When Harold Macmillan appointed him last May, the London Times took the unusual step of scolding the Prime Minister in its lead editorial. But this week the new Governor General will start his tenure energetically by beginning a five-week tour of the infant nation's islands...

Author: /time Magazine | Title: THE WEST INDIES: Queen's Representative | 1/13/1958 | See Source »

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