BRITAIN: Passing a Patch of Blue Sky

Callaghan postpones an autumn election

London's bookies were already taking bets on the election's outcome. An estimated $1 million worth of Tory Party advertising was bursting from billboards and TV sets proclaiming LABOR ISN'T WORKING. Conservative Party Leader Margaret Thatcher, 52, canceled a holiday trip to France and waded into a twelve-hour-a-day schedule of speeches and political appearances. For his part, Prime Minister James ("Sunny Jim") Callaghan, 66, seemed as caught up as everyone else in a pre-election whirl, trumpeting the virtues of his Labor Party at the annual Trades Union Congress in a rousing partisan speech that brought delegates...

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