Foreign News: Documentation of Drift

Labor's Economic Survey for 1950, issued last week, prompted the London Daily Telegraph to call Labor's program "the mixture as before." Said Sir Stafford Cripps's report: with the help of devaluation and ECAid, Britain held its own economically last year. Even with some rise in prices, Britons managed to buy more food and clothing—by buying less tobacco, liquor and entertainment.

Little change in economic temperature was forecast. The British bride who wants new china this year will have to buy dead white—all decorated china still goes abroad. There will be even fewer motor cars (154,000 last year) for Britons in 1950;...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!