GREAT BRITAIN: One Percent Difference

In his single year as Britain's Chancellor of the Exchequer, persuasive, even-tempered Peter Thorneycroft, 48, had established himself as a prospective Tory Prime Minister. His sponsorship of the British plan for a free trade area embracing all Western Europe (TIME, Jan. 28) earned him a reputation for vision; he won the admiration of Britain's business community by his unflinching fight against the domestic inflation that lies at the root of Britain's economic difficulties. Early last week the Times of London gave Prime Minister Harold Macmillan high marks for "coolly and firmly...

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