| Show Inflation Alive And Well In England Prime Minister Edward after failing to get Britain's trade and union leaders to agree to voluntary economic has ordered a freeze on rents and INFLATION IN Britain has been eating up wage increases and savings at an annual rate of ten highest in By inflation in the United States was reduced to percent by President Nixon's economic stabilization which also utilizes wage and price Rampant British inflation seriously weakened the It was threatening to force another Thus the test for the British people is the same as for Americans last year-and the critical question is whether Britain's labor organizations will wreck the HEATH admittedly patterned much of his stabilization program on the Nixon At the outset in the U. some feared organized labor would wreck Nixon's program with massive strikes and HEATH HAS patiently led long negotiations to persuade labor leaders to accept voluntary Only after and recent clear evidence that economic ruin has he moved to check inflation with which he himself opposed as late as two years In democracies public opinion must support such emergency steps if they are to succeed and like appears to have waited until the right time and played his cards the coming weeks and months will be critical for Britain's |
