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Inflation / Britain #33570

ABC Evening News for Thursday, Sep 05, 1974
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(Studio) British P.M. Harold Wilson to call general election in few weeks Hopes to strengthen minority labor government Issue is economy
REPORTER: Howard K. Smith

(London, England) [Prof. Terry BURNS - talks of bad outlook with regard to economy] [Chancellor of Exchequer Denis HEALEY - says Britain afraid American drifting into slump and dragging rest of world with her.] British look relaxed. [HEALEY - says Americans trying to cure inflation by letting unemployment increases That won't work.] Critics blame Healey for British inflation. Stk. market fallen. Inflation hit Britain harder than any other cntry. [Retired Colonel David STERLING - says necessary to train volunteers to work power generating stations in case of general strike.] Parliament on vacation.
REPORTER: George Watson

Smith, Howard K.;
Watson, George

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