On April 5, 1929, the much-anticipated British parliamentary election finally came to an end, and the Labour Party won by a narrow margin.

At the end of June, George V appointed Labour leader MacDonald as the new Prime Minister and was tasked with forming a new British government.

History has once again turned a new page, and the Labour Cabinet, which has just come to power, does not yet know what kind of difficulties they are about to face.

The current British economy is still prosperous on the surface, and all contradictions are masked by false prosperity on the surface.

Because of the loss of the general election, the financial reform policy formulated by the Conservative government was naturally taken away with the general election.

The MacDonald cabinet now has to deal with a whole host of messy issues, such as the aftermath of the rebellion in the Southeast Asian colonies, the ongoing war in Afghanistan, and the smog of London.

In the midst of the busyness, MacDonald's cabinet naturally did not realize that the British economy was already in danger, and the economic crisis was imminent.

In the spirit of pitting political opponents, the Conservative government's previous preparations were only recorded, and no one reminded them to pay attention to them.

In the days that followed, the MacDonald government faced one of its first problems: soldiers' pensions.

With the end of the war in Southeast Asia, the number of casualties among soldiers was gradually counted. During the Conservative government, in order to stimulate the soldiers' enthusiasm for fighting, the welfare package has been greatly increased, including pensions.

At present, the pension for each soldier killed in battle includes: a death allowance of 3,000 pounds, a children's education allowance of 0~1,500 pounds, and a mental loss of 500~2,000 pounds for family members.

On average, the total cost of pensions per soldier is £5,000+, and less than 20 per cent of the 53,000 soldiers killed in the war in Southeast Asia have been determined.

In addition, more than 12,000 people are missing, and their fate is currently unknown, which also requires an explanation to the families of the soldiers.

The dead are easy to solve, and there are a lot of wounded waiting to be resettled by the government, and the Conservative government has promised to solve the problem of employment for all disabled soldiers.

Now that they are out of power, this is also a problem that MacDonald needs to take over, and at least 100,000 people need the government to solve their employment problems.

After the war is over, disarmament also costs money, and the bonus for winning the war is always indispensable, and the meritorious people also need to be appeased.

Including the colonial troops and several Dominion armies, people have come to help in the war, and now that the war is over, the casualty pension always has to be paid, right?

Even if the dead Ah San is not worth much, you always have to pay a little severance pay when you are alive, and you can't let the family run for nothing, right?

Canada, New Zealand, Australia, and North America, the London government always has to bear a part of the military spending, right?

Otherwise, in the next war, it is estimated that there will be no people!

All in all, Prime Minister MacDonald was surprised to find that the war really cost human lives, and the follow-up expenditure of three or four billion pounds alone to suppress a small rebellion in Southeast Asia would cost three or four billion pounds.

Even if the British Empire has a great cause, it can't afford to fight? When you add up the cost of the war, it's more than a billion pounds.

This is much more expensive than the war during the Boer War, and sure enough, high-tech warfare is expensive. The cost of a tank can equip a battalion, and infantry is always the cheapest.

"Your Excellency Prime Minister, the Ministry of Finance can't come up with such a large amount of money now, which is equivalent to one-third of our fiscal revenue this year!" Chancellor of the Exchequer Pitt said with a frown

Historically, the Labour Party is now in power for the second time, although the first time was ousted after only nine months.

Under Ferdinand's butterfly effect, they are now just on the stage of history, without any governing experience, and it is naturally extremely difficult to face these problems.

"What were the plans of the last cabinet, I don't believe they were not prepared?" MacDonald asked

"Unfortunately, Your Excellency Prime Minister, the plan of the previous government was only a draft and did not give a solution, and this problem still needs to be solved by us!" Chancellor of the Exchequer Pitt said helplessly

Even if there is a way, will it be left to your political enemies? Moreover, it is a question whether they dare to use the plan left by the Conservative Party.

"So what is the Treasury going to do? Is it an external loan or a bond issuance? MacDonald asked with concern

"We suggest that we should issue bonds, and if we borrow money from the consortium, we may lose the initiative in the future!" Chancellor of the Exchequer Pitt said cautiously

The money of the consortium is not easy to borrow, once it is related to them, it is impossible to be bitten down.

Any politician knows that if you can not deal with the consortium, you should not deal with them, and it is very troublesome to owe them favors.

No one dares to owe and not pay back, and those who dare to repay their debts have no good results in the end. At some point in the future, they will have to make certain reluctant decisions because of this favor.

"Okay, let's do it, clean up this mess first, don't let the Conservatives catch the handle!" MacDonald thought for a moment and said

Compared to the Conservatives, Labour's roots are still too weak, and if it weren't for the smog problem, they wouldn't have won so easily.

"Your Excellency, there is another problem, which is the problem of the weather in London, and in four or five months at most, the smog will come back again.

The previous government was ousted by us because it did nothing on this issue, and now this thorny issue is in our hands. Secretary of State Condoleezza Rice spoke

In order to win the general election, the Labour Party clearly took solving the problem of smog in London as its election platform, which led to a resounding victory in the election of MPs in the London constituency, laying the foundation for their entry into Downing Street.

Now is the time to make good on the promise, otherwise when winter arrives, the people will find that the weather in London is not getting better, and they will probably start protesting again.

You must know that the total population of the city of London has exceeded 10 million, and more than a quarter of the votes are cast here.

If anyone offends such a large group of people, it is estimated that they will never want to continue to mix in the political arena, and the votes in their hands are enough to determine the outcome of an election.

This is not a fool's problem, once winter arrives, all the problems will be exposed, and without visible results, the protesting crowds will soon clog Downing Street.

Macdonald had no way of learning from the previous administration and drawing up a so-called three-year plan to stall for time. During the election, he boasted about Haikou, and now it's too late to take it back!

"Do you have any suggestions on how this can be resolved while remaining as stable as possible?" MacDonald asked

"With the realities in mind, we have developed a relocation programme that minimises the impact possible, mainly for businesses in and around London.

The government has given certain tax incentives and tried its best to persuade some big polluters to relocate, including 12 chemical plants, 15 manufacturing plants, three steel plants, and two coking ......plants," said Secretary of State Condoleezza Rice

"What do you say? How is it possible that there are still chemical factories in London? MacDonald said incredulously

"Your Excellency Prime Minister, chemical factories in London have always existed, and after the outbreak of the flu in the United States, everyone recognized the dangers of chemical plants, and there was a wave of talk around the world about moving chemical factories out of the city.

However, there are very few countries that can actually do this, and Bulgaria is probably the only big country that can really keep chemical plants away from cities.

The Lloyd's-George government, under pressure from the domestic capitalists, finally relocated a few chemical factories in the city of London and abandoned the relocation of chemical factories around the city! The Secretary of State replied

"I finally understand why the smog can poison people, there are these cancer factories, it is difficult not to be poisoned!

No matter what happens this time, we have to get them all moving, where is the factory, it's a bunch of time bombs.

In case it explodes that day, the whole of London is finished! No, it should be said that the entire British Empire is finished!

Sorry, I'm so excited, you go ahead! MacDonald said excitedly

Sure enough, the pandemic in the United States is not without effect, and everyone's safety awareness has improved more than a notch.

At this time, experts said that it was useless to break the sky, anyway, everyone thought that the chemical plant was around the city, and that was a threat.

"It's okay, I can understand your feelings, and I felt the same way when I first saw the news!

We can publish a list of these factories in the newspapers, and if they refuse to relocate, the citizens will help drive them out!

The last remaining diehards are our real enemies, and the government can issue a decree to forcibly shut them down! Rice said nonchalantly

Sure enough, they played politics and did not dare to directly confront the capitalists, so they relied on public opinion to achieve their goals, and used public pressure to force the capitalists to relocate their factories.

As for giving compensation? That's all symbolic!

It is not so simple to relocate so many factories, there is a lot of work before and after, and the cost is naturally low.

This required re-siting the factory, repairing the building, relocating the machinery, reassembling it, and finding a way to get the workers through.

It is simply impossible to accomplish these tasks without a year and a half of time. This means that all companies that relocate should not want to start normal in the coming year.

If the company can't start working normally, what will happen to these workers? Let the capitalists feed themselves, or will the government pay for them?

Anyway, they have no savings, and they can't afford to support themselves, let alone a family?

Did the MacDonald Cabinet take these issues into account?

The answer is: no!

Don't think that they are the Labour Party, the party that represents the interests of the working class, when in fact the two sides have no relationship at all.

It is nothing more than canvassing for votes, and putting out some lofty theories to say that in essence they are still bourgeois parties. In the midst of the suppression of the workers' movement, they were in the vanguard.

So, the biggest problem is just ignored.

It's just that these politicians are not stupid, they know that they come in batches, don't look at the bloody criticism of the Conservative Party's plan to control smog, and use it as soon as they take office.

If the heavily polluting companies are moved out first, how can London's pollution be reduced without these dozens of large factories?

As long as there are visible results, the problems that follow will be much easier to solve, and the people will still be fooled, just shift all the blame to the capitalists.

……

London in August is the best time of the year, and the so-called autumn is a good time to go out.

The world's economy is still booming, and no one notices that behind the prosperity, in a corner of the city, there is already a mountain of goods, because they can't find suitable buyers, they have to be discarded like garbage.

On Friday, August 18th, the MacDonald government announced the London smog control plan, and seeing the government's actions, the citizens of London were excited, damn the weather, and they could finally say goodbye!

They didn't know that disaster was coming, but many well-informed people had already reacted.

Blacklisted companies must stop production within three months and move out of London within a year, which means that they will not be able to produce normally for at least one year in the future.

Obviously, this is fatal to the stock price of the company, and the company cannot produce normally, so the market share of the product will naturally decline sharply.

It's easy to lose the market, but it's hard to regain the market! Competitors will seize the market they left behind in the shortest possible time.

This loss is not just the year of shutdown, it is likely to cause an industry giant to fall and never recover.

That's why the Conservative Cabinet didn't shut down these businesses immediately. The losses are too heavy, and there is no way to explain to the financier behind it?

Now it is clear that there is another wave of capital conglomerates supporting the Labour government, which is why they dare to take these companies as soon as they come to power.

Even so, they were ready to rely on public opinion to force the capitalists to relocate on their own initiative, and did not go into battle shirtless.

The weather was fine on Monday, August 21.

On this sunny day, as soon as the London stock market opened, there was a large number of sell-offs, and the stock prices of all companies on the government's blacklist plummeted.

Everyone is not optimistic about these companies, so naturally no one will take over, and some people can't help but look at the stock price that has been plummeting.

Now that these businesses are relocating because of the smog, what about the rest of London? Will they need to move out of London because of the same problem?

The seeds of doubt are planted in people's hearts, and it sometimes only takes a moment for them to take root and sprout.

Soon the sell-off appeared again, and then it was out of control, and all the companies with factories in London, one counted, and the stock price began to plummet!

As of the close of trading on the afternoon of August 21, a total of 112 stocks in London fell by more than 50%, and the broader market of the London stock market plummeted by 8.94%!

In one day, the London stock market evaporated nearly two billion pounds, the highest one-day decline in history!

For many stockholders, this is undoubtedly a bolt from the blue, a lifetime of savings will be ruined, and the rest of their lives will be burdened with huge debts.

In the early morning of the next day, the stock market in London opened again, and the expected strong rebound did not appear, and there were a large number of stock sales at the opening.

At this time, smart people have reacted, the stock market crash is coming, and it will be over if you don't run.

This time, not only the stock prices of these companies are falling, but the stock prices of all companies are falling, and there are still sell orders everywhere, but there are very few receivers.

"Jumped off the building!"

"Jumped off the building!"

……

Finally, someone couldn't stand the excitement of going from being a millionaire to a millionaire and started jumping off the building. Outside the dozens of stock exchanges in London, it rained rice dumplings!

The number of people who jumped to death in London on this day exceeded the total number of people who died in London jumping in the past year.

There are even more unlucky eggs who just crossed the road and were smashed into meatloaf by pies falling from the sky! From this day on, the British had to pay attention to the top of their heads when they went out on the streets, so as not to be affected by the pond fish.

"The stock market crash is coming!"

Everyone knew the news, and Britain used "Black Monday" to describe the crash every day, and the MacDonald cabinet, which was the initiator, was under pressure.

This is simply a disaster, don't they just want to clean up the smog in London? Who knew it would trigger an even more terrifying stock market crash?

If they had known that there was such a big hidden danger, their measures would definitely not be so radical, and they could have waited for the company to build a new factory and then let them relocate.

Why are you in such a hurry? Well, now that the government has become the culprit in the minds of the people, it has filled the hatred value, and everyone knows that they caused the stock market crash.

Don't expect the citizens of London, who have lost a lot in the stock market crash, to weigh their difficulties and stand up for them!

If they can't solve the problem of the stock market crash and finally trigger an economic crisis, their good days will be over, and there will be many governments in Britain that have been driven down ahead of schedule!

"Your Excellency, Prime Minister, save the world! At this time, only when the government and the consortium work together to save the market can a bigger crisis be avoided! Chancellor of the Exchequer Pitt said cautiously

"However, Mr. Pete's consortium is not opened by us, and if there are no conditions, they will not make a move!" MacDonald said with a frown

"Why don't we first withdraw the ban on corporate relocation, stabilize the stock market first, and then slowly figure it out?" Foreign Secretary Clay proposed

"No, it is even more undesirable to change the order overnight, the crisis has already detonated, even if the relocation order is withdrawn, I am afraid there is no way to restore confidence!

On the contrary, it will make these people who have suffered heavy losses in the stock market hate the government even more and cause uncontrollable contradictions! MacDonald shook his head and said

"Let's go to the king! This time. Only the royal family can make all the consortia put aside their prejudices and work together to tide over the difficulties! Secretary of State Condoleezza Rice proposed

The British royal family has the largest consortium in the United Kingdom, which is already an open secret at the top, and when something goes wrong at this time, they have to ask the consortium for help, which cannot avoid the king.

Whether they want to or not, MacDonald's cabinet wants to save the market, and they have to pass the hurdle of George V, even if they have to pay some price, they can't choose.

This is the advantage of the king, the prime ministers are all in turn, when there is a conflict between the royal power and the prime minister's power, as long as the interests are sufficient, they are likely to compromise, anyway, this cannot be hereditary!

Usually this happens at the end of the term, and it is not a big deal to give up some rights to the king for his own benefit.

"Okay, let's go to the king together, the situation is already very critical!" MacDonald said ruthlessly

……