Labour 1974-79 Flashcards
Inflation 1974
20%
1974 budget
Tax increases
Pension and food subsidy increases
How is inflation brought down by 1976
The social contract and Jones’ £6/week limit on wage increases
Unemployment by 1976
doubled to 1.25m
1976 Sterling crisis impact
16% inflation
£ down to $1.57
15% interest
How much did the 1977 IMF loan give and how much did it require in cuts
£4bn and £2bn cuts
What started the winter of discontent
1978 Ford workers strike
Which years saw a fall in the number of strikes
1974-76
What did TGWU reject 1978
5% wage settlements
Which was the worst year in a century for strikes
1979
When was the EEC referendum
1976
When was the Lib/Lab pact
1977
When was Scottish devolution referendum
March 1979
What majority did Labour get in the 1974 elections
February minority government
October majoity of 3
when was sex discrimination act
1975
When was race relations act
1976
When was the prevention of terrorism act
1974
response to Birmingham pub bombings
What was the social contract
voluntary wage restraints in return for nice social policy
Wage increases 1974 and 1975
19% and 23%
Economic growth 1974-79
1.5% per year