Labour 1974-1979 Flashcards
Who did the government controversially refer to as ‘spongers’
Unionists
What was special about the February 1974 election
Hung Parliament
What was the social contract with the unions
Voluntary restraint in wage rises given that the government wouldn’t intervene in discussions between unions & employers
Which two individuals on the left of the party did Wilson give cabinet roles too
Michael Foot - Employment
Tony Benn - Trade
Who was the Chancellor of the Exchequer
Denis Healy
How was the 1974 miners strike ended
Agreement on 35% pay rise with the NUM
What was abolished in 1974 that pleased the unions
The Pay Board
How much money was made available to building societies in 1974
£55 Million
How much was given to pension and food subsidies in the 1974 budget
£500 Million
How much was given to customer purchasing power in the 1974 budget
£900 Million
What was the government majority in the October 1974 election
3
What was inflation in December 1974
28%
When was the National Enterprise Board set up
1975
What did the National Enterprise Board do
Increase govt investment
Administer state shareholding in private industry
Financial aid for companies
Why did Foot introduce ACAS & The industrial protection bill 1975
Pacify industrial relations and resolve disputes
Which policy by TGWU leader Jack Jones became TUC policy in March 1975
Voluntary wage restraint and a flat rate rise of up to £6 a week
What policies were in the April 1975 budget
£250 million in new taxes
Cuts to public spending
Increased VAT
Which lame duck was part-nationalised in 1975
British Leyland
What was the key policy in the April 1976 budget
3% max in wage rises
What were the two biggest economic successes of the 2nd Wilson ministry
Fall in the BoP deficit
Fall in inflation (75-76)
When did the BoP deficit end
1977
What were the two biggest economic failures of the 2nd Wilson ministry
Steady rise of unemployment
Production levels and productivity remained low
When did the Liberal-Labour pact end
July 1978