Chapter

A Symbolic Sacrifice: July 1967–January 1968

Phuong Pham

in Ending 'East of Suez'

Published in print January 2010 | ISBN: 9780199580361
Published online May 2010 | e-ISBN: 9780191722691 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199580361.003.0008

Series: Oxford Historical Monographs

A Symbolic Sacrifice: July 1967–January 1968

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Chapter 7 documents the abandonment of the last symbolic remnants of Britain's world role in the aftermath of devaluation. The devaluation of Sterling itself, in November 1967, had little direct effect on defence and foreign policy. But when Roy Jenkins became the new Chancellor of the Exchequer in December 1967, he set about the task of preparing further economic measures to shore up the Pound at its new, reduced level. The bulk of his proposed cuts came from domestic expenditure: but his strategy for getting the cuts through Cabinet involved the initial symbolic sacrifice of the remnants of Britain's ‘East of Suez’ role, and an accelerated withdrawal from Malaysia and Singapore. Within the Cabinet itself, the old structure of authority that had maintained the Wilson Government's former policies had broken down, enabling Jenkins to guide it to abandon the last echo of Britain's former Empire.

Keywords: Wilson government; devaluation; Roy Jenkins; east of Suez; Malaysia; Singapore

Chapter.  14486 words. 

Subjects: Modern History (1700 to 1945)

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