BRITAIN: Mean Budget

Critics decry the P.M. 's plans

Some of the voters who put Margaret Thatcher and the Conservatives into office last May may well be wondering just who is in charge at 10 Downing Street, Mrs. Thatcher or Nobel-prizewinning U.S. Economist Milton Friedman. Friedman's philosophy of monetarism—unflinching regulation of a nation's money supply as the golden elixir for economic health—flows through every line of the Thatcher government's budget for 1980. The proposed budget, which is virtually assured of passage, was presented last week to a grim session of the House of Commons by...

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