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Title: Focuses on the 1960s
Review: A lucid, in-depth explanation of how the British Treasury functioned, in the post war years of 1946-70. Under both Tory and Labour administrations. Not a dry recitation of tables and numbers. Brittan describes the key issues of the times. Like the repeated devaluations when the pound was floated several times. He explains the oft-thought mysterious innards of how the Treasury collects taxes and then disburses these revenues to keep the government running.Most of the narrative is concerned with the 1960s. Relatively little space is devoted to the immediate post war period, when rationing was still enforced and the British began decolonising their empire, and demobilising their wartime forces. Even though all these would have had great impact on economic matters.
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