how successful was Labour's income policy?

Question 1

evidence of success:
inflation fell from how much in 1974-79

Answer 1

fell from 16% in 1974 to 8% in 1979

Question 2

evidence of success:
Britains balance of payments position improved from how much 1974-78

Answer 2

improved from a :
£3.6 billion deficit in 1974 to 0.8 billion surplus in 1978

Question 3

inflation in 1974

Answer 3

16%

Question 4

inflation in 1979

Answer 4

8%

Question 5

Britain’s balance of payment position 1974

Answer 5

£3.6 billion deficit

Question 6

Britain’s balance of payment position 1978

Answer 6

0.8 billion surplus

Question 7

Government spending fell from how much of GDP in 1976 to 1979

Answer 7

56% of GDP in 1976 to 51% of GDP in 1979

Question 8

how much percent of GDP was government spending in 1976?

Answer 8

56%

Question 9

how much percent of GDP was government spending in 1979?

Answer 9

51%

Question 10

evidence of failure
unemployment rose from how much 1974-1979?

Answer 10

rose from 628,000 in 1974 to 1,464,000 in 1979

Question 11

unemployment 1974

Answer 11

628,000

Question 12

unemployment in 1979

Answer 12

1,464,000

Question 13

the number of days lost through strike action increased from how much 1974-1979

Answer 13

14,750,000 in 1974 to 29,474,000 in 1979

Question 14

number of days lost through strike action in 1974

Answer 14

14,750,000

Question 15

number of days lost through strike action in 1979

Answer 15

29,474,000

Question 16

despite so-called pay restraint, annual inflation was at?

Answer 16

16%

Question 17

interest rates were at?

Answer 17

15%

Question 18

pound sliding downwards despite?

Answer 18

a vast loan from a combination of countries at the end of 1975