The Lion in Winter

Samuelson, Robert
January 1977
New Republic;1/1/77, Vol. 176 Issue 1/2, p16
Presents information on the prevailing economic conditions in Great Britain. Report that the region's economy is not on the verge of collapse as reported in newspapers; Percentage increase in real buying power of average person in Great Britain in 1970-75; Information on the levels of unemployment; Discussion of the factors that led to staggering rate of inflation; Reason behind current account deficit in Great Britain; Impact of fixed exchange rate system on Britain's economy; Description of new tax and public spending policies; View that the economic stresses will become so severe that they will lead to a political crisis.


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