Word: thorneycroft
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Dates: during 1950-1959
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Nothing Else. "The simple truth," concluded Thorneycroft, "is that we have been spending more money than we should. Our basic problem, whether it is in the Welfare State or whether it is in arms, is that we should plan to spend less than we are planning to spend at the present time. Nothing else will serve. I believe there is an England which would prefer to face these facts and make the necessary decisions...
...Thorneycroft," gruffed the deeply Scottish accent of the Speaker, and silence descended on the House of Commons. From the third bench below the gangway on the government side, traditionally the place taken by a retiring minister, rose the tall man whose resignation as Chancellor of the Exchequer 2½ weeks before had precipitated the debate. Without rhetoric, flourish or grandiose phrase, Peter Thorneycroft explained the realities behind his refusal to increase government spending this year by "less than 1%." In doing so, he cut through years of polemics and political obfuscations to state the wider reality of Britain...
Filing past out of the chamber, member after member paused to whisper to Thorneycroft, rest a hand on his shoulder or otherwise show their support. Thorneycroft had obviously abandoned neither his hopes of winning his anti-inflationary fight nor his ambitions as a prospective Tory Prime Minister. Last week he advanced both those hopes appreciably. The government carried off the debate by a 62-vote majority, and Peter Thorneycroft voted with his party. But in resigning, Thorneycroft had come close to winning the fight he had lost in the Cabinet. For many of his fellow Tories had voted...
...Little Local Difficulties." Next day, in a stiff letter to Macmillan, Thorneycroft wrote: "My reason can be shortly stated . . . The government itself must, in my view, accept the same measure of financial discipline as it seeks to impose on others." No less curtly, Macmillan replied: "You say that the [budget] for the next year must be the exact equivalent of the sum spent this year. The rigid application of this formula would do more harm than good . . . This is not a matter of popularity . . . This is a matter of good judgment ... I particularly regret that you should think it necessary...
Second Choice. Macmillan's choice of stooped, spectacled Derick Heathcoat Amory as Thorneycroft's successor was well calculated to reassure the financial community if any man could. A shy, reticent Etonian who was wounded and captured while fighting with Britain's paratrooping Red Devils at Arnhem during World War II, Heathcoat Amory is a successful businessman who has helped make his family textile company one of Britain's most progressive. A staunch friend of the U.S. and an enthusiastic champion of the European free trade area, he has earned wide respect for his ability in administering...