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Britain needs oil to avert a looming economic crisis
The article argues Britain relies on North Sea oil to avoid bankruptcy and fund a social program, while warning that past imperial wealth and complacency left the country ill prepared. It cites IMF support, a future shaped by postwar shifts, and voices from Len Murray to Sir Arthur Bryan on reform and competitiveness.
MENTIONED IN THIS ARTICLE
Adam Smith
Burgoyne
Saratoga
Scotland
America
Great Britain
Smith
Britain
U.S
IMF
Len Murray
Murray
Oxford
Trades Union Congress
TUC
Afl-Cio
Lionel
Len
Square One
R. Dudley Baxter
Statistical Society of London
England
Baxter
Eng
United States
Germany
Mica Panic
Misha Panish
National Economic Development Council
Manu
Keith Joseph
Labor Party
Beatrice
Sidney Webb
George Bernard Shaw
H.G. Wells
Oxbridgers
Cambridge
Arthur Bryan
Wedgwood
Charles Villiers
British Steel Corp
Lawrence Orchard
Ever Ready Ltd
Gordon Richardson
Bank of England