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Philip Snowden, 1st Viscount Snowden PC was a 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 and 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 in 1931 by the National Government coalition that Snowden supported.