70 Year Magazine Archive

Ten Days That Shook the Exchequer

by Colm Brogan

How Britain’s new masters managed in the shortest of short orders to undermine everyone’s confidence in the pound and in English savoir-faire

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“Well, with a majority of only five, these chaps can’t really do very much harm.” In the earliest days of the Labor government these comforting words were heard all over Britain in. clubs and saloon bars and other haunts of vice and privilege where Tories congregate.

And it must be said that the first impression made by the Ministers was quite favorable. They were lavishly photographed striding purposefully along with the air of statesmen in full command of events. In the Commons they belied expectations by putting on an excellent display both of competence and confidence. Nor was the human touch lacking. We read about Mrs. Wilson deciding to do her own cooking in Downing St., of the modest twenty- first birthday party of Giles Wilson and also about the Prime Minister polishing his own shoes. All good homey stuff. There were some Tories who began to think that the chaps might even do a little good.

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