Labour 1970s Flashcards
What was the balance of payment deficit and inflation % when Wilson came into power in march 1974
3 Billion and 15%
What year did Wilson negotiate the social contract with the trades union congress
1973
Who was Wilsons Chancellor?
Denis Healy
Which failing car manufacturer was nationalised
British Leyland
When was the 3 day week
1st January-7th March 1974
When did Wilson reign as Prime minister
3rd March 1976
when/how did Labour lose their majority
March 1977, lost in by elections
What did Callaghan call “the two evils”
unemployment and inflation
What did inflation decrease to from 1975-1976
27% to 13%
Which month had the highest balance of payments surplus on record
August 1977
When was the 1976 IMF loan payed off
Payed in full by 1979
Why was 1977 a state of emergency
Firefighters Strike, Winter of discontent, Public health (binmen strike, eg Leicester square)
What did TUC not support in 1978?
5% pay cap
What did Labour whip Joe Ashton say about Callaghan?
“A magnificent job with hardly a majority”
What did Ford lorry drivers achieve after a 9 weeks strike
15% increase in wage