Er except that it was Eden (who at the time was very ill indeed and it is thought that his judgement was impaired) - also he was a Conservative and not a Labour Politician.
Also the French were there and the US did not support the UK or France. The US threatened to cause a "run" on the pound unless we left PDQ. The situation is similar to Cuba later, in that US interests were nationalised without compensation, but in our case we had to suck it they embargoed Cuba and nearly provoked WW III. The lessons for France and UK were different - we chummed up to the US, whilst France decided never ever to be beholding to the US for their future foreign policy.
The effects of this can be seen today. Most American do not know any of this and are usually bemused by stuff outside their own borders. Oh I forgot and the whole thing was triggered when the US decided to pull the funding of the ASWAN damn - a vital Egyptian interest. We could not or would not stump up the additional cash ourselves.
Ref
http://en.wikipedia.org/wiki/Suez_Crisis
You have to excuse me. I always mix up Attlee and Eden. I'm generally quite good on 20th century history, it's one of my prime interests, but I do get them wrong. I have no idea why.
He wasn't just ill, he was popping the stuff that helped the Beatles make Rubber Soul. Benzedrine. It's a bit like LSD, I think?
But yes, it was a British-French-Israeli venture. And as for the Americans, I think Ike just told Eden that he wouldn't risk WW3 over it, and would he be so nice as to just stop it.
I also believe the Americans perceived it as a 'colonial war', which wasn't something the US would like to support in the political climate. They did later, but that's another story.
As for Cuba, it wasn't officially a colony, only economically controlled by US interests. And, let's not forget, Castro was ready to deal with the US, and Castro was a whisker away from meeting Ike. Only that cute and cuddly Vice-President of yours, Richard Nixon, had a look at what Castro was doing, told Eisenhover that it was communism, which it actually wasn't, and that he shouldn't bother meeting this commie bandit.
So, instead of starting trade with the US, Castro was in a bit of a problem. What should he do? Let the Cuban economy demolish itself, or maybe..? So he got into contact with comrade Khrutsjov and struck a deal.
So, there you go Mr. Nixon. You made sure that Cuba became communist.
Now, ain't that just perfect?