Foreign News: More Prang for the Pound

"The lion's wings have molted," cried London's Tory Daily Mail last week. "Our planes are out of date," complained the Liberal News Chronicle. Said the wor ried Manchester Guardian: "The gap in the air defenses of Britain is disturbingly evident."

In press and Parliament, a growing concern was heard last week over what Brit ain is getting for its huge arms expenditures ($4.6 billion a year, more than 35% of the budget). Two years ago, before the U.S. got its new look, the British decided to concentrate on the Royal Air Force's atom bombers...

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