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Wilson Resigns / British Economy #487474

NBC Evening News for Tuesday, Mar 16, 1976
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(Studio) Reporter reads list of candidates in Illinois president primary. British Premier Harold Wilson of Labor party resigns.
REPORTER: John Chancellor

(London, England) Crowd cheers Wilson as he leaves number 10 Downing Street He'll stay in office until successor named. Conservatives will probably try to force election. Possible successors: Chancellor of the Exchequer, Denis Healey and For. Secretary James Callaghan. [WILSON - says always rejected doctrine of an indispensable political Indispensability is threat to democrat] British economy described. Inflation slowed when Wilson got unions to go along with wage increase limit of $12 week Recent drop in British pound makes British exports cheaper and more desirable. Govt. proposal of $5 billion in spending cuts defeated. Wilson won vote of confidence, but reported angry after revolt. Wilson's policies were beginning to pay off.
REPORTER: John Dancy

(Studio) Wilson served twice as premier Anecdote about his childhood visit to prem.'s residence related.
REPORTER: John Chancellor

Chancellor, John;
Dancy, John

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