The prospect, awful to Britons, that they may have to beg the U.S. for another loan is suddenly looming black and real. For months the possibility has been progressing from a vague foreboding to concrete worry, and lately to specific debate among a few burdened men in and near the British Cabinet. But until very lately it has been something for the future—a distant trouble obscured by present troubles. This week, subtly but unmistakably, the atmosphere changed. Britons, official and unofficial, who had resisted the idea, accepted it as something inevitable; in popular discussion the question became not "Do you...

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