1. Winston Churchill's Government
... C. Barnett stated "New Jerusalem itself, a dream turned to a dank reality ". RAB Butler (chancellor for the exchequer) rectified the balance payment deficit of £700mill putting the UK back in the black by £300mill in 1952. There was a new confidence and security in spending. Butler's Keynsian attitude to expenditure meant the government encouraged spending by cutting interest rates and increasing wages ... ...
- Word Count: 797
- Approx Pages: 3
- Grade Level: Graduate