Macmillan, obsessed with economic expansion, constantly belittled Lloyd in his memoirs, and in Mount's view his sacking of Lloyd was a watershed in economic policy, opening the way to the inflation of the 1970s, just as Suez was in foreign policy.
Macmillan constantly belittled Lloyd in his memoirs. Macmillan was obsessed with economic expansion. His sacking of Lloyd was a watershed in economic policy. This was in Mount's view. A watershed in economic policy was opening the way to the inflation of the 1970s. Suez was in foreign policy.