Word: thorneycroft
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...Britain's emotional and economic ties with the Commonwealth might well have kept Britain on the sidelines but for the coincidence that, just as the Common Market was being hammered into shape, two "good Europeans" took over the crucial jobs in Britain-Macmillan as Prime Minister and Peter Thorneycroft as his .Chancellor of the Exchequer. "Make no doubt of it, we are behind the Free Trade Area," said Thorneycroft...
Creation of the Free Trade Area, declared Peter Thorneycroft last week, "will make us a better ally." The U.S. State Department, though recognizing that some U.S. industry may at first suffer, is all for the two schemes-convinced that all Europe will eventually gain by them, and therefore the U.S. too will benefit...
...other key appointment was the promotion of Peter Thorneycroft, 47, to Macmillan's old job as Chancellor of the Exchequer. Thorneycroft comes from a family of Staffordshire ironmasters which made its fortune in the Industrial Revolution. His second wife is an Italian countess who was once fashion editor of the British Vogue. As President of the Board of Trade, Thorneycroft earned a reputation for courage and clarity, for economic liberalism and opposition to monopolies. He, like Macmillan, is eager for closer economic ties to Europe...
...week's end, Eden's government was propounding a new line: Britain had intervened to foil a Russian plot to take over the Middle East. Said President of the Board of Trade Peter Thorneycroft: "We intervened to stop the war, and we have perhaps stopped it in the nick of time before the Egyptian air force, organized by Russia, ran amok in the Middle East." Eden's Foreign Office had apparently not had the political word. The Foreign Office told inquiring reporters that stories of massive Russian moves came from Russian propaganda, which was systematically exaggerating what...
Great Britain, forced to choose between arms and exports, slowed down rearmament (see FOREIGN NEWS). "It is no part of our hopes or wishes," observed Tory President of the Board of Trade Peter Thorneycroft to the American Chamber of Commerce in London, "that the citizens of the U.S. should tax themselves into poverty in order that their country might become the soup kitchen of the Western world. We want to pay our way . . . We ask a fair deal for our exporters . . . free and fair competition with your own producers." It was Thorneycroft's way of saying that high...