New Year Releases 1999 Records Featured on Leviathan Economy Part 1 Document reference: CAB 129/135 (5) 1968 was a critical year for the Government. The Pound had been devalued in November 1967 and 1968 began with the Chancellor of the Exchequer, Roy Jenkins, demanding a massive round of cuts. Cabinet discussed prescription charges and deferred plans to increase the school leaving age. The cuts also meant a change in Britain’s role in the world; withdrawal from hotspots East of Suez, including the Gulf and the cancellation of an order for the American fighter plane, the F111: Document reference: CAB 129/135 (7) The counter view was vehemently fought by the Foreign and Commonwealth Secretaries, George Brown and George Thomson, and by the Secretary of State for Defence, Dennis Healey: