policies and economic policies

Question 1

in jan before the 1970 election conservatives held a conference at Slsdon park why?

Answer 1

to approve a policy programme = soon form the basis of the conservative party’s manifesto at the election

Question 2

conservative manifesto involved policies around:

Answer 2

tax reform
better law and order
reforms to trade unions
immigration controls
cuts to public spending
end to public subsidy of ‘lame duck’ industries

Question 3

‘lame duck’ industry

Answer 3

one that is unable to compete + survive without support from the state

Question 4

Heath still believed in?

Answer 4

‘one nation toryism’ + post-war consensus

Question 5

The Selsdon park programme not intended to

Answer 5

be an all-out rejection of post-war consensus

Question 6

during Heath premiership = number of reforms
(school)

Answer 6

school leaving age raised to 16

Question 7

during Heath premiership = number of reforms
(local gov)

Answer 7

local gov reorganised

Question 8

during Heath premiership = number of reforms
(British currency)

Answer 8

british currency went decimal= however administration was dominated by economy + industrial relations

Question 9

decimalisation

Answer 9

agreed in 1965 but came into force in 1971
-new British currency would have 100 new pence rather than 144 old pennies in pound= more in line with currencies of other European countries

Question 10

who was new chancellor?

Answer 10

Anthony Barber

Question 11

what did new chancellor Anthony Barber initially introduce?

Answer 11

cuts in public spending
-introduced tax cuts to try to encourage investment

Question 12

what was called the ‘barber boom’ began with?

Answer 12

rapid rise in infaltion

Question 13

what was unusual about this inflation?
what was it called?

Answer 13

-inflation not accompanied by economic rgowth
-unemployment actually went up = something highly unusual at same time as inflation
-known as stagflation

Question 14

stagflation

Answer 14

unusual combination of inflation and stagnant economic growth = produces enemployment= occurring at same time

Question 15

unemployment started to edge to a million =what did gov previously want to do?

Answer 15

reduce state intervention in industry felt compelled to take action

Question 16

what was nationalised?

Answer 16

the prestigious engineering firm Rolls Roycein 1971

Question 17

gov money also poured in to prevent what going bankrupt?

Answer 17

prevent Upper Clude shipbuilders going bankrupt
-known as U-turn

Question 18

u-turn

Answer 18

reversal of previous policy= Edward Heath’s u-turn in 1971-72 was his retreat from the free-enterprise economic principles his gov tried following from 1970

Question 19

what was the trigger for the crisis in October 1973?
the war prompted OPEC(organisation of petroleum exporting countries led by saudi Arabia to protect interest of its members)

Answer 19

the Yom Kippur War in the Middle East
-war prompted OPEC to declare an oil embargo

Question 20

OPEC declaring an oil embargo meant?
what happened to the price of oil?

Answer 20

-exports suddenly stopped
-price of oil rocketed to 4 times the usual levels
-Long queues formed outside the petrol stations

Question 21

this was the context for National Union of Miners(NUM) to ?

Answer 21

demand a huge new pay rise in November 1973