Rise of Neville Chamberlain controversial biography of Chamberlain by Conservative Party chairman Iain Macleod defended Chamberlain's ministerial record. Macleod pointed out that Chamberlain had been a "most valiant" champion of rearmament as Chancellor as early as 1934, but that little was done. According to "Time" magazine, Macleod saw Chamberlain as a "humanitarian industrialist, <nowiki>[a]</nowiki> progressive Lord Mayor of Birmingham and a dedicated Minister of Health who was damned as a 'Tory socialist'<nowiki>[.]</nowiki> Chamberlain had worked tirelessly in the '20s and '30s for the 'noble and fascinating ideal' of fashioning a better life for Britain's workingman." The 1960s and 1970s saw a further reassessment of
Neville Chamberlain quickly by keeping economic pressure on Germany through a blockade while continuing rearmament. Chamberlain was reluctant to go too far in altering the British economy. The government submitted an emergency war budget about which Chamberlain stated, "the only thing that matters is to win the war, though we may go bankrupt in the process". Government expenditures rose by little more than the rate of inflation between September 1939 and March 1940. Despite these difficulties, Chamberlain still enjoyed approval ratings as high as 68% and almost 60% in April 1940. In early 1940 the Allies approved a naval campaign that was