History of the Labour Party (UK) all means of production in the British economy, and Britain's entry into the European Economic Community (EEC). Tensions between the two opposing sides were exacerbated after Attlee resigned as leader in 1955 and Gaitskell defeated Bevan in the leadership election that followed. The party was briefly revived and unified during the Suez Crisis of 1956. The Conservative party was badly damaged by the incident while Labour was rejuvenated by its opposition to the policy of prime minister Anthony Eden. But Eden was replaced by Harold Macmillan, while the economy continued to improve. In the 1959 election the Conservatives fought under
Suez Crisis in the Middle East. It had little reaction to the seizure before military action. By 1956 the Panama Canal was much more important than Suez to Australia and New Zealand; the following year two experts would write that it "is not vital to the Australian economy". The memory, however, of the two nations fighting in two world wars to protect a canal which many still called their "lifeline" to Britain or "jugular vein", contributed to Australian Prime Minister Robert Menzies and Sidney Holland of New Zealand supporting Britain in the early weeks after the seizure. On 7 August Holland hinted