He is loyal to his own career but only incidentally to anything or anyone else.

In the same year Dalton establiHugh Daltond a £50million National Land Fund for the purchase of land and buildings with a view to preserving them for the nation as "a thank-offering for victory and a war-memorial". Dalton became Chancellor of the Exchequer and nationalised the Bank of England in 1946. After the Labour victory in the 1945 general election Dalton had been expected to become Foreign Secretary but instead the job was given to Ernest Bevin.