Business: Britain Starts Back Up

Pangloss with facts

British Chancellor of the Exchequer Denis Healey possesses a splendid—some think notorious—gift for Panglossian rhetoric in the face of economic distress. Last week he held forth with customary ebullience on Britain's economic prospects. But this time his optimism was well grounded. In addresses to Common Market finance ministers in Brussels, the Chancellor detailed evidence of solid performance:

>In August, Britain recorded a trade surplus of $550 million, its largest since World War II. The overall balance of payments is moving into the black.

>The annual inflation rate declined from 17.6%...

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