"Documentation of Drift"

Labor's Economic Survey for 1950, issued last week, prompted the London Daily Telegraph to call Labor's program "the mixture as before." Said Sir Stafford Cripps's report: with the help of devaluation and ECAid, Britain held its own economically last year. Even with some rise in prices, Britons managed to buy more food and clothing--by buying less tobacco, liquor and entertainment.

Little change in economic temperature was forecast. The British bride who wants new china this year will have to buy dead white--all decorated china still goes abroad. There will be even fewer motor cars (154,000 last year) for Britons in 1950; there will be more food, but little more meat and no more sugar than last year.

Most remarkable feature of the report was the absence of hopeful promises. In five years, the Socialists' brave new world had boiled down to a cautious forecast that things would not get worse. The Economist called the survey "simply the documentation of drift."

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