Rab Butler Rab Butler Richard Austen Butler, Baron Butler of Saffron Walden, (9 December 1902 – 8 March 1982), generally known as R. A. Butler and familiarly known from his initials as Rab, was a prominent British Conservative politician. "The Times" obituary called him "the creator of the modern educational system, the key-figure in the revival of post-war Conservatism, arguably the most successful chancellor since the war and unquestionably a Home Secretary of reforming zeal." He was one of his party's leaders in promoting the post-war consensus through which the major parties largely agreed on the main points of domestic policy until
Rab Butler defence spending around the time of the Korean War. Butler correctly predicted a doubling of living standards by 1970. Butler initially planned to let the pound float (in practice, devalue) and become partially convertible ("Operation ROBOT"). ROBOT was struck down by Lord Cherwell and his adviser Donald MacDougall, who prepared a paper for Churchill. The counterargument was that the balance of payments would have worsened, as any reduction in demand for imports would have been swamped by the rise in prices of imported goods. Furthermore, 90% of other countries' sterling balances, kept in London, were to be frozen: they too