Butskellism

== English == === Etymology === Blend of Butler +‎ Gaitskell +‎ -ism, after Rab Butler, the Conservative Chancellor of the Exchequer 1951–55, and his Labour predecessor Hugh Gaitskell 1950–51. === Noun === Butskellism (uncountable) (UK politics, now historical) A centrist economic policy obtaining in post-war Britain, upheld by both Conservative and Labour Chancellors.