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...imposts and expenditures which he proposes are expected to hold good for the entire year. Once in a while, he may be forced to submit an "autumn budget," a phrase which in Britain has become virtually synonymous with economic trouble. When Parliament reconvenes this week, Chancellor of the Exchequer Rab Butler will submit an autumn budget. It will be Britain's first in eight years...

Author: /time Magazine | Title: Foreign News: A Brake on the Boom | 10/31/1955 | See Source »

...Rab Butler's brake was expected to consist of cuts in government spending and hikes in purchase and profits taxes. He is almost certain to be attacked as a jerky stop-and-go driver-Butler cut taxes only last spring, a month before the election which gave Sir Anthony Eden's government a five-year lease on life. At the time, Hugh Gaitskell, Labor's onetime Chancellor of the Exchequer, cried that the voters had been "bribed," and now Laborites stand ready to exhibit Butler's "autumn budget" as proof of their charge. But with perhaps...

Author: /time Magazine | Title: Foreign News: A Brake on the Boom | 10/31/1955 | See Source »

...Laborite opposition-of cutbacks in food and housing subsidies, public works and other aspects of the Labor-fostered welfare state. Butler called it a program to "expand success and curb excess." "I did not know the horse would be so excitable when it saw the oats of freedom," said Rab Butler, less apt at figures of speech than figures of finance. "We need to prune back our roses to get better blooms...

Author: /time Magazine | Title: GREAT BRITAIN: Pruning the Horse's Oats | 10/17/1955 | See Source »

...London, British Chancellor of the Exchequer Richard ("Rab") Butler was caught by a news camera tripping lightly into 10 Downing Street for all the world as if he were doing a buck and wing...

Author: /time Magazine | Title: People, Oct. 3, 1955 | 10/3/1955 | See Source »

Britain's Chancellor of the Exchequer Rab Butler, the doctor who must prescribe for Britain's slight touch of inflation, was in Istanbul last week to reassure the men of international finance, gathered for the tenth annual meeting of the International Monetary Fund. Recently, European bankers have shown an embarrassing lack of confidence in the value of the pound-partly brought on by Britain's faltering financial situation, partly because of rumors that Britain might devalue it. Butler was firm. "We do not contemplate any early move on any-and I repeat any-aspects of the exchange...

Author: /time Magazine | Title: Foreign News: No Devaluation Now | 9/26/1955 | See Source »

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