Philip Snowden

PHILIP SNOWDEN 1st VISCOUNT SNOWDEN d1937. British politician. A strong speaker, he became popular in trade union circles for his denunciation of capitalism as unethical and his promise of a socialist utopia. He was the first Labour Chancellor of the Exchequer, a position he held in 1924 and again between 1929-1931. He broke with Labour policy in 1931 and was expelled from the party and excoriated as a turncoat, as the party was overwhelmingly crushed that year by the National Government coalition that Snowden supported. He was succeeded as chancellor by Neville Chamberlain.