How Much Defense Can Britain Afford?

Arnold, G. L.
March 1956
New Republic;3/12/56, Vol. 134 Issue 11, p8
The article focuses on the power of conservative government. In 1956 the Conservative Government, though provided with an ample parliamentary majority and not threatened with early elections, seems in danger of losing its hold over the electorate. The tale of economic ups and downs since 1946 discloses a pattern of sudden spurn in economic activity in trade expansion and in investment followed by violent payments crises compelling the authorities to damp down on imports, investments and living standards.


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