In Lancashire hundreds of thankful people went off the dole and back to work last week. Two cotton mills, long closed, opened; a third that had been operating on a 48-hr, week, changed to a 55-hr, week for at least the next ten weeks. In Britain as a whole the total unemployment figure (2,825,000) had dropped 60,000 in the past fortnight. Economists were not overexcited. Just as they had prophesied when Britain went off the gold standard (TIME, Sept. 28), trade has revived because British goods are cheaper, more attractive to foreign buyers. Another...
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