Word: thorneycroft
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Dates: during 1950-1959
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This year the Chancellor, whose single pronouncement could make millions of Britons richer or poorer, was Peter Thorneycroft, 47, a smooth, somewhat over-groomed son of a Tory ironmaster. On his first budget outing, Thorneycroft kept to the traditions by droning a prosaic prognosis of the nation's economic health until 4:30, the hour the Stock Exchange closed. Then, safe at last to let his secrets out, the youthful-looking Chancellor raised his voice and announced bold changes in the country's tax setup...
...Bringing the insular British to the edge of the European continent has not been easy," admitted handsome Sir David Eccles, president of Britain's Board of Trade. But there he was last week in Paris, and beside him stood Chancellor of the Exchequer Peter Thorneycroft, the two most dedicated Europeans in the British Cabinet. "We are an obstinate people, of strong habits," Eccles went on. "After each major war we have retired to our island, licked our wounds and pretended it was a bad dream of no significance. But in Britain we are now ready for the decisive offer...
...building Europe" ever made by a Briton in office. Eagerly, the 17 members of the Organization for European Economic Cooperation (every Western European nation save Spain and Finland) agreed to hammer out concrete plans for the Free Trade Area by next July. As "coordinator," they selected an Englishman-Peter Thorneycroft...
Donald Macleod entered Mr. Thorneycroft's employ in 1950 with exemplary references. But his secret gnawed at his conscience, and after two years Macleod went to his employer and confessed all. On the night of Nov. 4, 1950, Butler Macleod had left a window open in the Duchess of Sutherland's bedroom. While the duke and duchess dined, served by the impeccable Macleod, two friends of his climbed through the window, rifled milady's jewel boxes...
...Thorneycroft advised Macleod to go to the police. On Macleod's evidence, his two accomplices were condemned to prison; he himself was let off for testifying and went back to work for Thorneycroft. "He told me he would look after me if I were truthful," explained Macleod. "He has kept his word." Last week Thorneycroft insisted: "He is an excellent butler. Of course, I didn't know at the time that I was going to be Chancellor of the Exchequer. But that doesn't make any difference." But when Thorneycroft moves to the Chancellor's official...