Foreign News: Reputation Day

The power of the Mother of Parliaments grew out of its power of the purse, and many a British leader from Gladstone to Macmillan has made a name for himself when, as Chancellor of the Exchequer, he presents his annual April budget to the House. Last week's Budget Day spotlighted a new Chancellor, the Tories' fourth in four years.

Tall, earnest Derick Heathcoat Amory, 58, is regarded as a comer in British politics, partly because he is not too pushy about getting there. A quiet, unpretentious West Country bachelor squire who rode to hounds and managed the family textile business until World...

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