Britain: "Going Down the Drain" - Herbert W Armstrong - June 1975

Herbert W Armstrong

A worldwide economic recession has swept nearly a million Britons out of their jobs. Ominously, the unemployment figure is projected to top 1.5 million by mid-1976. Inflation, receding in other European countries, has accelerated to 25% in the last twelve months and to more than 30% since January. Unions are demanding wage hikes in excess of 40%. The pound has fallen to its lowest point ever. Britain, in the words of U. S. Federal Reserve chairman Arthur Burns, "is going down: the drain." Here are some poignant views of Britain from the pens of her own political cartoonists. - Information Supplied By: Herbert W Armstrong Library