 His One Nation approach to the economy was to seek high or full employment, especially with a general election looming.This contrasted with the Treasury ministers who argued that support of sterling required spending cuts and, probably, a rise in unemployment.Their advice was rejected and in January 1958 the three Treasury ministers—Peter Thorneycroft, the Chancellor of the Exchequer, Nigel Birch, Economic Secretary to the Treasury, and Enoch Powell, the Financial Secretary to the Treasury and seen as their intellectual ringleader—resigned.