Stafford Cripps and the Legacy of Austerity. .(The Cripps Version: The Life of Sir Stafford Cripps)(Book Review)

Contemporary Review | December 1, 2002| | Copyright

The Cripps Version: The Life of Sir Stafford Cripps. Peter Clarke. Penguin, [pounds sterling]25.00.574 pages. ISBN 0-713-99390-1.

This reviewer is grateful to Sir Stafford Cripps. Thanks to his policy of cheap money, I was able to borrow to buy my first house at a fixed rate of two-and-a-half per cent, and bought a four-bedroomed house in a good London suburb for [pounds sterling]10 a month. The overt intention of this policy was to make investment easier, but, like most Government policies, it had the opposite result to the one intended; few people saw the sense in ...

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