Word: staffords
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...loudest cries of pain were heard in Britain itself. The government last week raised the price of nonferrous metals and of such humble objects as pots & pans. The first predictions of a 5% cost-of-liv-ing rise shot up to 10%. The trade unions were having Sir Stafford Cripps on the carpet, demanding wage boosts. The Tories charged that devaluation could have been avoided but for the Socialist government's mismanagement; Laborites replied that it was not so, asserted that they had devalued rather than cut Britain's welfare program and permit unemployment. Said one Labor leader...
Late in July, ailing Sir Stafford Cripps went to Switzerland for medical treatment. In a hilltop sanatorium near Zurich he embarked on the "ordered life" prescribed by his physician: that meant no dispatches from London...
...England, the school has sailed through all the storms of church & state since the days of Richard II. By building character as well as learning into the make-up of its students (the school motto: "Manners maketh man"), Winchester has turned out a share of statesmen (including Sir Stafford Cripps) and military men (Field Marshal Earl Wavell) as well as literary lights (18th Century Poet Laureate William Whitehead), businessmen and barristers...
While the attitude of the British labor class is still unsolidified, it will soon emerge reflecting "bread-and-butter" objections--desire for wage increases to meet the rising domestic prices consequent with devaluation. So far Sir Stafford Cripps' 20 percent increase in profits taxes does no more than place an unreasonable burden on an already belabored people. The course of future British policy, in the long run, will be determined not in Parliament but in the coal mines, the factories and the union meetings. Britain's parties today have so much in common, a trait which is to a great...
After a down-to-the-hearthside preamble explaining Britain's economic plight, Sir Stafford came to the sensational core of his message: Britain was devaluing the pound from $4.03 to $2.80. Even to those experts who were dead sure that devaluation was coming, the size of the cut (31%) was breathtaking...