1968 was a critical year for the Government. The Pound... in November 1967 and 1968 began with the Chancellor of... New Year Releases 1999

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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:
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