Economic Developments: Changes in Housing and Leisure 1970-72 Flashcards
How was affluence seen by the 1970’s?
It was completely normal for most
What did people want for their lives in terms of housing by the 1970’s?
They wanted to settle down and buy a house
What is a town which had redevelopment for new housing?
Peterborough
What was encouraged people do when choosing a house to live in?
Buy it rather than rent it out
What was the impact of buying houses in Peterborough? By what year?
By 1972, half of Peterborough residents owned their houses
What is significant about the proportion of people who bought houses in Peterborough by 1972?
It showed that changes in the housing market were certainly possible and could happen very quickly
What happened allowing people to buy more houses in 1971?What did this mean?
The Bank of England relaxed lending rules meaning banks could give loans for mortgages
What happened in Islington that was reflected in many other neighbourhoods?
Middle class people moved in, driving the house prices up nationally and kicking working class people out
How much did house prices go up from 1972 to 1973?
70%
How many times more valuable was a house by 1980 compared to 1970?
10 times more valuable
What was the main benefit for joining the EEC to ordinary people?
They felt more inclined to travel to parts of Europe on holidays
Why did more people start to go on holidays by this decade?
It was a symbol of status
How much was a trip to Spain for 2 weeks?
£20
How much money were people allowed to take out of the country as of 1969? How did this change in 1970
In 1969 only £50 could be taken out of the UK a year. In 1970 it increased up to £300
How many people went on holidays a year by the end of Heath being PM?
12 million a year
