Philip Snowden: The First Labour Chancellor of the Exchequer

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Philip Snowden: The First Labour Chancellor of the Exchequer

Philip Snowden: The First Labour Chancellor of the Exchequer

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Dalton helped him to be selected as candidate for South Leeds in 1937, and had it not been for the war, he would very likely have become an MP by 1940. It was difficult for the Treasury to take tough measures given the government's small majority and the likelihood of another election soon. Gaitskell roused his supporters by promising to "Fight and Fight and Fight Again" to reverse the decision.

An economics lecturer and wartime civil servant, he was elected to Parliament in 1945 and held office in Clement Attlee's governments, notably as Minister of Fuel and Power following the bitter winter of 1946–47, and eventually joining the Cabinet as Chancellor of the Exchequer. Bevan gave a speech to the Tribune party at the conference, declaring that the Labour Leader needed to be a "desiccated calculating machine".At the party meeting Bevan refused to agree to toe the party line, but the issue was defused by a conciliatory motion by the centrist "Keep Calm" group, passed against the wishes of the platform. Gaitskell made the controversial decision to introduce charges for prescription glasses and dentures on the National Health Service in his spring 1951 budget. on armaments, although most of his speech was a warning not to rearm too fast and that communism would be defeated through democratic socialism not through arms. The Gaitskells had a long family connection with the Indian Army, and he spent his childhood in Burma.

In a final effort to stave off an inevitable Gaitskell victory, Bevan proposed that he and Gaitskell both withdraw in Morrison's favour, but Gaitskell rejected the offer. He was also opposed to the new Keynesian economic ideas which provided a rationale for deficit spending, and criticized their expression in the Liberals' manifesto for the 1929 election, titled We can Conquer Unemployment. Let’s mark the centenary of the first Labour government by electing another with Keir Starmer as Prime Minister.By the second half of 1951 the overseas sterling area was importing from North America at double the 1950 rate. Lord Snowden died of a heart attack at his home, Eden Lodge, Tilford, Surrey, on 15 May 1937, aged 72.

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