The Outlook Today
The Empire Club of Canada Addresses (Toronto, Canada), 25 Nov 1948, p. 94-105
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The Outlook Today

The troubles and difficulties of today. Avoiding obsessions with these troubles. Observing the progress that has been made since the end of the Second World War. The speaker's view of the situation as those in Britain see it, concentrating chiefly on the economic side of things. The importance of economic conditions for political stability. A review of 1946. Righting the great unbalance which had been left in the world by the war. Full co-operation denied. The multiples crises of 1947. The disappearance of the U.S. credit for Britain. 1948 perhaps to be the turning of the economic tide through the Economic Recovery Plan of Mr. Marshall with subsequent support from the U.S. Congress and people. This initiative paralleled by the new movement in Europe to draw together the free countries of the West with a view to solving their problems in close collaboration. The movement toward mutual defence. A caution against premature expectations. Britain's leading role in this new movement, and her great hopes for it. Some optimistic economic figures for Britain's recovering status. The improved situation as reflected in Britain's industry. Some controversial methods. Conquering inflation. The programme for aid in Europe, which will diminish with the object that at the end of four years all of the countries receiving aid will be able to stand on its own feet without external assistance. Results for Canada. A great increase in exports for Canada. The appointment of a Continuing Committee composed of representatives of the governments of Canada and Britain to keep a close watch on all developments having a bearing on our trade and economic relations. Some necessary adjustments. Great encouragement for the future.