HPOUORAKAUAUN HE
The meaning of measures is clears Labour's election pledges, reforms of the mildest kind, housing,hospitals, etc., are all to be sacrificed on the altar of the pound. Well might the Financial Times head its editorial on the cutss "The Pound before Politics", Yet, despite all the talk of crisis, no measures of significance at all are to be taken to put any of the burden upon big business. Monddy's Financial Times saids "The trend of profits in July compares favourably with the figures for the previous quarter. Gross industrial profits show a rise of 16% against 11.9% and earning have risen even more strongly, being 18.4% up compared with 10%.e0050."% Any argu nent that business cannot afford to shoulder some of the burden is, therefore, completely false. oto
The left must end its long silence, These measures, coming on top of the disgraceful Immigration Bill and the refusal to®**°™the sitting of Parlia~ ment one day to allow the Rent Bill to go through, must make us all sad. The coming conference must see some straight talking. This is not "rocking the boat" - it is Mr. Wilson and his colleagues who are rocking the boat, with the silent lefts as accomplices, More is at stake than mere election pledges. Unless the present disastrous drift is reversed a process may be set in motion that will rule out another Labour Government for a very long time indeed,