Britain

• Prices


  Rose by 8%
• Wages


  Increased by 16%
• Wilson increased taxes
• Inflation reached nearly 30% by 1975
• Unemployment


  542,000 in 1974, over 1.3 million in 1976
• Labour governments of 1974-1979 sought an IMF loan
• Devolution was an issue
• Cuts to public spending

  Prices go up
• Industrial relations bill in 1975
• Government intervention with Rolls Royce
• Wilson retired in 1976, Callaghan voted in
• Callaghan had a low majority, formed a Lib-Lab pact 1977-78
• Callaghan's weak position led to a coalition government
• Conservative weaknesses led to Labour winning
• Devaluing the pound led to the "Winter of Discontent"
• Callaghan's response to the crisis was "What crisis?"
• Strikes and trade union unrest in 1979
• Popular to women


  • Was a wife and a career woman
  • Not from a working class background
• Economic


  • Cut on taxes for business + personal income (people had more disposable income)
• Thatcher -Popular to women

  • Was a wife and a career woman
  • Not from a working class background
• Thatcher won the 1979 election


  40 seats changed hands from Labour to Conservatives
• Economic


  • Cut on taxes for business + personal income (people had more disposable income)
• Lib-tab past (labour angry Liberu

  Leters penses)
• Thatcher won the 1979 election


  40 seats changed hands from Labour to Conservatives
• Privatisation of parave companies

  Unemployment↑
• Lib-lab past (labour angry Liberu)

  Leters
• Union fature


  Grikes, devaluation, winter of discontent
• Privatisation of parave companies

  Unemployment↑
• Labor divisions


  michael foste
• Union fature


  Grikes, devaluation, winter of discontent
• Labor divisions


  michael foste
• Stop-go economics


  Budget politics
• Rise in stagflation, high taxes
• No long term plan
• 1 gets them re-elected
• 2 How successful were Conservative economic policies during the period from 1951 to 1964? [20]
• Denationalisation


  Welfare state
• Ends austerity, increases spending
• Economic policies based on borrowing, loans, credit etc
• Keynesian economics


  stop and go economics