Great Britain: An Honorable Government

Living up to his campaign slogan, LET'S GO WITH LABOR, Britain's new Prime Minister went, went, went. In a few whirlwind days last week, Harold Wilson issued a series of edicts and exhortations that clearly proclaimed both the pragmatic aims and no-nonsense style of his administration.

Wilson's first big decision in office was as bold as it was desperate. In an urgent attempt to close Britain's critical trade deficit, he abruptly decreed an extraordinary 15% tax on imports, doubling Britain's tariffs overnight (see WORLD BUSINESS). Though Whitehall insisted that the tax was...

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