Word: selwyn
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Last week Chancellor of the Exchequer Selwyn Lloyd, a man never hitherto famed for political audacity, slapped a 15% tax on candy, ice cream and soda pop. Britons, shocked to their cavities by what many soon called "the Lollipop Budget," protested that it was a "tax on children," though craving for candy knows no age limits. The government will collect $140 million a year from the sweet-tooth tax -which makes it a classic bit of budget balancing, since the government now pays exactly $140 million yearly to dentists to repair the damage...
...cannot doubt," said William Ewart Gladstone in 1845, "that a decimal system of coinage would be of universal advantage in monetary transactions." Nonetheless, Gladstone warned against "any decisive step" until "the subject has been thoroughly sifted and is well understood by the public." Last week Chancellor Selwyn Lloyd announced that the government is appointing a new committee (the sixth since 1824) to sift the practical problems of currency reform. If they do not prove overwhelming, promised Lloyd, the government will definitely adopt a decimalized currency-possibly...
...well-to-do. They neatly evaded the problem of class in the Election of 1959 by running on a platform of material prosperity--implying rather crassly that if everyone were well-to-do, everyone's antagonism would disappear. This line has, of course, lost much of its appeal since Selwyn Lloyd's austere economic reforms, and Mr. Macmillan (who has grown vaguer and vaguer in the last two years) was content at the Brighton conference to substitute for "prosperity" a few irritating cliches about a "unified Britain...
...responsible for the present apparatus is of course not Mr. Brooke, who probably agrees with the Economist, but his boss, Selwyn Lloyd. And the Chancellor is a special problem in himself, because he has become a political liability. His approach to planning, his clufsy attempts to impose a wage pause and to throw cold water on arbitration agreements have all drained vital support from his party, the sort of support that even a competent administrator like Mr. Brooke cannot easily restore. Voters at the next election will scrutinize the Exchequer hardest...
...mend a fence allegedly destroyed by the Redcoats in 1778, Britain's Chancellor of the Exchequer Selwyn Lloyd forwarded a check for $18 to the rector of Philadelphia's St. Peter's Episcopal Church. In response to the Rev. Joseph Koci Jr.'s tongue-in-cheek demand for some $760,000 in damages and compound interest, Lloyd legalistically pointed out that since Revolutionary War treaty conventions exempted Britain from further financial responsibility toward her unruly erstwhile American colonies, the St. Pe ter's claim should properly be addressed to "the federal government of the United...