"The Englishman's truly distinctive disease is his cherished habit of waiting until the 13th hour," wrote British Historian Arnold Toynbee last November. Events have since proved him right. It took a serious pound scare and a disastrous inflation rate of 26% to prod Britain's Labor government into coming up with what Prime Minister Harold Wilson called "a plan to save our country" from a "general economic catastrophe of incalculable proportions" (TIME, July 21). Last Tuesday, after two days of passionate, often bitter debate, the House of Commons approved the government's emergency package by a vote of 264 to 54,...
BRITAIN: Harold Wilson: 'A Sense of Timing'
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