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As a rule, Britain's destinies are guided by Britain's politicians. Britannia waived that rule last week. 'In the face of the nation's gravest economic crisis it became increasingly evident as the days went on that leading international financiers had taken hold and were pulling the wires that made the wheels go round.

Things moved with despatch. The Labor Cabinet that could not bring itself to cut the Dole, fell. A Coalition Cabinet took office, promptly cut the salaries of 300,000 civil servants for an annual...

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