LABOUR BROUGHT NEW LIFE TO BRITAIN
Received Sundav, 7 p .m. LONDON, Oct. 20. The speed and sniootlmess of Britain 's reeonversion to peace time production, had aroused tlie admiral ion of tlie world, said Mr. Hugh Dalton, Chancellor of the Exchequer, in a speech at Portsmouth. During a recent visit to America he had frequeiitlv been asked what was the seeret of Britain 's recovery and always he had replied that it was due to tlie unity ot' the British people in the face ot post-war problems and their confldence in the ability of the Labour Government to carry out i'ts proniises and bring new life to tlie people/, he said. TuHnng- to ; the lates't mp-ye ini /the cheap iivoiiey "poiicy— the 'calling iri of three per cent: local loans and the substitution of 2h per cent. undated Treasury stock — Mr. Dalton declared that the credit of tlie British Government now stood so high that it was able to borrow monev more cheaply than ever before. Thc "city" recognised the fact that the Labour Government was a good rislc.
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Chronicle (Levin), 21 October 1946, Page 5
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180LABOUR BROUGHT NEW LIFE TO BRITAIN Chronicle (Levin), 21 October 1946, Page 5
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