economy

• What is the DEA and what did it plan to do?

  • Department of Economic Affairs
  • This would draw up a National Plan which would promote growth + investment.
• What does the "white heat of technology" refer to?

  • a metaphor for scientific + technological progress that Wilson said in his speech.
• What did the Prices and Incomes Board intend to do?

  • keep down inflation through the prices and incomes policy
• Why did Wilson resist devaluing the pound in 1967?

  • He didn't want the Labour party to be known as the "party of devaluation"
• Who was the DEA created under?

  George Brown
• What was the economic growth rate between 1964-70?

  Average of 2.7%
• What did Roy Jenkins achieve?

  In 1969, Jenkins achieved a balance of payments surplus of £387 million.