How Effectively Did Wilson And Callaghan Deal With The Problems Britain Faced Between 1974 and 1979

Question 1

Number of seats won in the October 1974 general election?

Answer 1

Conservative: 227 seats
Labour: 319 seats
Liberal: 13 seats

Question 2

What was the agreements in the Social Contract reached between the Labour Party and TUC in 1973 to demonstrate the 1971 Industrial Relations Act was unnecessary?

Answer 2

The unions agreed to co-operate in trying to control wage increases
The government promised to try and keep down prices and improve welfare benefits
There would be a return to free collective bargaining over wages and no statuary incomes policy

Question 3

What was unemployment in 1974 and 1976?

Answer 3

1974: 542,000
1976: 1.3 million

Question 4

What was the economic polices in the 1975?

Answer 4

The 1975 budget increased taxes and cut government spending programs
In July 195, the government introduced a formal incomes policy, setting a £6 per week ceiling on wage increase, with a freeze on higher incomes

Question 5

How big was the loan from the IMF in September 1976?

Answer 5

$3900 million, but had to cut government spending by approximately $2 billion

Question 6

What pact was in effect between 1977 to 1978?

Answer 6

Lib-Lab pact

Question 7

What happened in 1979?

Answer 7

The winter of discontent