Word: poundingly
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Dates: during 1960-1969
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Embroiled as he was with the trade unions, dissidents in his own party and the Opposition over his controversial plans to rescue the pound, Wilson deliberately chose to make things hotter by scheduling a debate on Labor's controversial bill to renationalize Britain's major privately owned steel companies. He apparently reckoned that the steel-nationalization issue-one of the Labor Party's surviving oldtime doctrinaire goals-would unite his divided party. But Veteran Labor M.P. George Strauss, who in 1948 piloted the Labor Government's original steel-nationalization bill through Commons, was critical...
...Gold and hard-currency reserves had fallen by $372 million in four months. Inadvertently, Wilson himself had speeded the crisis. Before leaving for his trip to Moscow fortnight ago, he explained to the House of Commons that the new 7% bank rate had been urgently necessary to defend the pound, then went on to add that other emergency measures would come in ten days' time. The warning unnerved investors and sent the pound plunging to $2.78 11/16-its lowest point in 20 months...
...forced to push a bill through Commons making the freeze mandatory, even at the risk of temporarily splitting his party. For if he fails in his present attempt to deflate Britain's inflation-ridden economy, he may soon be confronted with a far tougher alternative: devaluation of the pound. That he wants to avoid. Wilson is aware that the Labor government's devaluation of sterling in 1949 was a major reason for its expulsion from office by British voters two years later...
...Archbishop of Canterbury ("another traitor"). "O'Neill might as well try to stop Niagara Falls with a teaspoon." Paisley stormed, "as try to stop our Protestant cause." When Queen Elizabeth arrived in Belfast this month to dedicate a bridge, embittered Catholics promised retaliation; and sure enough, a twelve-pound chunk of concrete came crashing down on her car from a fourth-floor window on her parade route, luckily only denting the hood...
...Britain. With the country's economy in a mess and Prime Minister Harold Wilson under fire, what Britons long for is to be supreme once more in something. "Please, please, England, win," cries a fan in a London newspaper cartoon, "if only to take my mind off the pound...