Did Post War consensus end in 1973? Flashcards
What did Edward Heath proclaim in the New right manifesto of 1970?
He promised lower taxes, reduction in spending, an industrial relations bill and the curbing of trade union power.
What company was nationalised in 1971?
Rolls Royce, done to prevent collapse and loss of jobs
What was the white paper?
In place of Strife and the industrial relations bill in 1971
What did the white paper show the government were doing?
Showed that the government no longer wanted trade union influence in the economy.
Why did some critics think Keynesian economics fail?
-1973 Oil crisis
-High Inflation
-3 Day week
-Devaluation of the pound in 1967
What kind of conservative was Heath?
Edward Heath was a ‘one nation Tory’ and was hugely concerned with maintaining a decent standard of living for as many people as possible within British society
What company was bailed out by the government?
Upper Clyde shipbuilder company, done to avoid the collapse of the company.
What made the government sick of TUs?
The rising number of strikes and the break down in relationship between trade unions and the government clearly showed the change in attitudes on both sides.
The government were sick of trade unions.
What did the Heath government allow to rise?
The government allowed steep rises in wages similar to the prosperity of the 50s/60s-although increased unemployment.
Examples of decolonisation still happening in the 70s?
Arabian Gulf
Malaysia
What did Heath finally achieve that other PMs had failed to deliver?
Membership of the EEC
Heath finally achieved where others failed. The MPs from both parties voted for everything.
What U-Turn did Heath perform in 1971-72?
Stepped away from free market economics following the large and sharp rise of unemployment.
