Foreign News: The Bad News

"Work or Want" said the Government's billboards. Last week Herbert Morrison, Deputy Prime Minister, grimly told the House of Commons that no matter how hard Britons work, they will still want.

In the next twelve months, he said, Britain must import $6.8 billion worth of goods, even to keep something like her present austere standard of living. In that period Britain cannot hope to earn by exports more than $5 billion. Even by using up the rest of the U.S. loan, Britain would end up in the red. And in less than a year, there would not even be the loan to...

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