Economic Developments: 1980 Budget Flashcards
How much money was taken out of public spending?
£900 million
How many people were unemployed by 1980?
2.8 million
Which 2 areas of the UK were worst-hit with the 1980 budget?
The North and The Midlands
Why were The North and The Midlands heavily affected?
Many factories were closing down
How much did Steel Production decrease from 1979 to 1981?
Decreased by 30%
How much did overall manufacturing output of Britain fall from 1979 to 1981?
Fell by 15%
What was the average percentage of people unemployed in Liverpool throughout the 1980s?
25%
What did unemployment quickly rise to by 1981?
3 million
What did Thatcher and Howe think about the impacts of the budgets on The North?
They felt it was necessary to reduce public spending.
Which factor made it easier for the Conservatives to destroy industries in The North?
Most people further North were traditionally Labour voters so the Conservatives were not losing any support in doing this