Harold Wilson
James Harold Wilson, Baron Wilson of Rievaulx, (11 March 1916– 24 May 1995) was a British Labour politician who served as Prime Minister of the United Kingdom from 1964 to 1970 and 1974 to 1976.
Harold Wilson
In mid-1949, with Chancellor of the Exchequer Stafford Cripps having gone to Switzerland in an attempt to recover his health, Wilson was one of a group of three young ministers, all of them former economics dons and wartime civil servants, convened to advise Prime Minister Attlee on financial matters. The others were Douglas Jay (Economic Secretary to the Treasury) and Hugh Gaitskell (Minister of Fuel and Power), both of whom soon grew to distrust him. Jay wrote of Wilson's role in the debates over whether or not to devalue sterling that “he changed sides three times within eight days and finished up facing both ways”. Wilson was given the task during his Swiss holiday of taking a letter to Cripps informing him of the decision to devalue, to which Cripps had been opposed. Wilson had tarnished his reputation in both political and official circles. Although a successful minister, he was regarded as self-important. He was not seriously considered for the job of Chancellor when Cripps stepped down in October 1950—it was given to Gaitskell—possibly in part because of his dubious role during devaluation.