The Big Five of the Labor Cabinet met at No. 10 Downing St. last week wryly determined to swallow a bitter pill. They were Prime Minister Ramsay Mac-Donald, Chancellor of the Exchequer Philip Snowden, Foreign Secretary Arthur Henderson, Secretary of State for the Dominions James Thomas, President of the Board of Trade William Graham. Their bitter pill was the report on national economy presented more than three weeks ago by Sir George Ernest May.
Britain's budget next year may be top-heavy to the extent of some $583,000,000 if drastic economies are not put into...
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