Labour 1974-79 Flashcards

1
Q

Inflation 1974

A

20%

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2
Q

1974 budget

A

Tax increases
Pension and food subsidy increases

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3
Q

How is inflation brought down by 1976

A

The social contract and Jones’ £6/week limit on wage increases

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4
Q

Unemployment by 1976

A

doubled to 1.25m

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5
Q

1976 Sterling crisis impact

A

16% inflation
£ down to $1.57
15% interest

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6
Q

How much did the 1977 IMF loan give and how much did it require in cuts

A

£4bn and £2bn cuts

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7
Q

What started the winter of discontent

A

1978 Ford workers strike

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8
Q

Which years saw a fall in the number of strikes

A

1974-76

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9
Q

What did TGWU reject 1978

A

5% wage settlements

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10
Q

Which was the worst year in a century for strikes

A

1979

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11
Q

When was the EEC referendum

A

1976

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12
Q

When was the Lib/Lab pact

A

1977

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13
Q

When was Scottish devolution referendum

A

March 1979

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14
Q

What majority did Labour get in the 1974 elections

A

February minority government
October majoity of 3

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15
Q

when was sex discrimination act

A

1975

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16
Q

When was race relations act

17
Q

When was the prevention of terrorism act

A

1974
response to Birmingham pub bombings

18
Q

What was the social contract

A

voluntary wage restraints in return for nice social policy

19
Q

Wage increases 1974 and 1975

A

19% and 23%

20
Q

Economic growth 1974-79

A

1.5% per year