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Common Market / Britain #213526

CBS Evening News for Thursday, Oct 28, 1971
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(Studio) House of Commons votes, 356-244, for Britain to enter European Common Mkt. Final vote in Parliament to come. Prime Minister Edward Heath worries over opposition.
REPORTER: Walter Cronkite

(London, England) Protest held against Britain entering Common Mkt. 1/2 British population against move; 30% in favor. Entry fee is $2 billion. Food prices will increase 15-20%. Living costs up 5-6%. [SPKR. - says will have to pay more for all on set income. Won't help old.] [2nd SPKR. - says for Mkt. because of children. Britain too small to stay on own.] [Historian Arnold TOYNBEE - compares situation to that of ancient Greece.] Common Mkt. will become largest trading unit in world, with 1/3 trade and 1/5 GNP. Econ. strength will rival United States and surpass USSR . Some American econs. fear Mkt. will compete with US. Britain will share fortune and failure of neighbors.
REPORTER: John Laurence

Reporter(s):
Cronkite, Walter;
Laurence, John
Duration:
00:04:50

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