Economic Developments: 1980 Budget Flashcards

1
Q

How much money was taken out of public spending?

A

£900 million

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2
Q

How many people were unemployed by 1980?

A

2.8 million

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3
Q

Which 2 areas of the UK were worst-hit with the 1980 budget?

A

The North and The Midlands

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4
Q

Why were The North and The Midlands heavily affected?

A

Many factories were closing down

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5
Q

How much did Steel Production decrease from 1979 to 1981?

A

Decreased by 30%

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6
Q

How much did overall manufacturing output of Britain fall from 1979 to 1981?

A

Fell by 15%

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7
Q

What was the average percentage of people unemployed in Liverpool throughout the 1980s?

A

25%

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8
Q

What did unemployment quickly rise to by 1981?

A

3 million

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9
Q

What did Thatcher and Howe think about the impacts of the budgets on The North?

A

They felt it was necessary to reduce public spending.

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10
Q

Which factor made it easier for the Conservatives to destroy industries in The North?

A

Most people further North were traditionally Labour voters so the Conservatives were not losing any support in doing this

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