1958: The Sunny Uplands

William Allen

Chapter 11 in Monetary Policy and Financial Repression in Britain, 1951–59, 2014, pp 141-156 from Palgrave Macmillan

Abstract: Abstract In 1958, in welcome contrast to the three preceding years, most aspects of monetary policy went more or less according to plan. It did not begin that way, however. On 6th January, the Chancellor, Thorneycroft, and the other two Treasury ministers resigned over the Cabinet’s refusal to cut public expenditure by as much as they wanted. As Chapter 10 noted, it seems unlikely that frustration over monetary policy was a contributory factor, despite Green’s arguments (2000). Thorneycroft was succeeded by Derick Heathcoat Amory.

Keywords: Monetary Policy; Treasury Bill; Issue Department; Bank Rate; Conversion Operation (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-1-137-38382-2_11

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DOI: 10.1057/9781137383822_11

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