Economic Developments: Inflation, Trade Union Relations, Healeys Budget

Question 1

How much did inflation rise to in December 1974?

Answer 1

19%

Question 2

When did inflation peak? How high?

Answer 2

Peaked at 27% in August 1975

Question 3

What was significant about UK inflation compared to other countries?

Answer 3

In other countries inflation was around 10% so UKs was wayyy higher

Question 4

What did Labour do that helped inflation grow?

Answer 4

Paid off unions to prevent them going on strike

Question 5

What is an example of Labour paying off Unions from 1974-75?

Answer 5

Gave miners a 35% pay rise in 1974 and an additional one in 1975

Question 6

How muchdid the price of meat and eggs go up from 1973 to 1974?

Answer 6

Meat prices up by 22%
Egg prices up by nearly 30%

Question 7

What was a positive about Trade union relations from 1974-6?

Answer 7

Some Unions accepted the social contract

Question 8

What was a negative of Trade Union relations?

Answer 8

Most unions rejected the social contract, keeping the same wage demands

Question 9

Who attempted to solve the Trade Union Relations?

Answer 9

Michael Foot

Question 10

What did Michael Foot do to try and improve trade union relations? (2 ways)

Answer 10

Introduced a Health and Safety Bill
Abolished industrial relations court

Question 11

What else did Michael Foot try to implement?

Answer 11

Extend picket rights so that they could stop vehicles on the road legally

Question 12

Who opposed the picket extension? Why?

Answer 12

Roy Jenkins, because it would be giving unions the power of the police

Question 13

Who was the Chancellor of the Exchequer in 1975?

Answer 13

Healey

Question 14

What did Healey do in his 1975 budget?

Answer 14

Increased tax on the wealthiest people from 75% to 83%

Cut public spending

Question 15

Why did Healey do what he did in his 1975 budget?

Answer 15

He said it would reduce inflation

Question 16

What did unemployment rise to in 1974?

Answer 16

600,000

Question 17

What was unemployment at in 1976?

Answer 17

1.44 million

Question 18

Where did most people become unemployed?

Answer 18

Areas of traditional manufacturing and mining

Question 19

Which locations were traditional industries declining?

Answer 19

Northern England, Midlands

Question 20

In what ways did affluence grow from 1974-76?

Answer 20

Central heating spread and the first large shopping centres opened

Question 21

What are 2 shopping centres that opened?

Answer 21

Brent Cross in North London
Arndale Centre in Manchester

Question 22

What was a problem which Labour tried to fix with industries in 1964-70 with industries still present?

Answer 22

Modernisation

Question 23

What bills did Labour introduce to improve Trade Union relations?

Answer 23

Employment Protection Bill
Health and Safety Bill
Sex Discrimination Bill

Question 24

What does the location of where most were unemployed in this era show about inequality in Britian?

Answer 24

Northern Areas had still not experienced the affluence in the south

Question 25

How much did Harold Wilson give a pay rise of to the Miners in 1974?

Answer 25

35%

Question 26

What was the total money equivalent to the 1974 miners pay rise?

Answer 26

£110 million