Word: rab
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...Rab Butler was howled down three times before he could proceed. But soon, unruffled and undiscouraged, he continued with some good news. The government intended to ease the burden...
...Carrot. Here, in the rejuggling of subsidies and taxes, was the key to Rab Butler's budget. After six years of Socialist Labor's policy of "fair shares for all," Britain was switching back to an economy based on greater rewards for harder work. The new taxes were rigged to encourage overtime work, which in the past had been discouraged by tax rates. If it encourages coal miners, for example, to produce only 10% more coal, that alone would go a long way toward erasing the deficit in the international balance of payments...
...Restriction and austerity are not enough," concluded Rab Butler. "We want a system which offers us both more realism and more hope." He sat down to thunderous cheers from the government side of Commons...
...months France's trade balance with the European Payments Union skidded from a favorable $212 million to an unfavorable $292 million, and a $560 million budget deficit is in sight for 1952. With a side glance at Britain's "Rab" Butler (TIME, Feb. 11), Faure pleaded: "The Finance Minister or Prime Minister . . has a right to speak a similar language to that of the Chancellor of the Exchequer." Faure's temporary remedies sounded like Butler's: fewer dollar imports, tax relief for exports, reduced travel allowances...
Great Britain is perilously close to bankruptcy, and Chancellor of the Exchequer Richard Austen Butler minced no words about. "We are really up against it," he said last week. "Our lifeblood is draining away, and we have got to stop it." In contemporary Britain, the job that wealthy "Rab" Butler holds might well be called Chancellor of Gloom. His two predecessors, schoolmasterish Sir Stafford Cripps and perky Hugh Gaitskell won admiration for telling people the worst. Last week Butler did the same, frankly and specifically, and added to his reputation as one of the fastest rising Tories. No orator...