Section 3- 1970-79 Flashcards
What happened in the 1970 election?
Edward Heath won
when was the industrial relations act?
1971
when was the UK accepted into the EEC
1973
When did Wilson become PM for the 2nd time?
1974
When was the referendum on EEC membership
1975
who succeeded Wilson as PM?
1976- Callaghan
when was the Lib-Lab pact?
1977
When was the winter of discontent?
1978-79
When did Edward Heath become leader of the conservative party?
1965
how many seats did Heath win with?
30 seats
what happened within the conservatives in 1974?
leadership contest- Thatcher won in 1975
what was Heath’s economic policy?
‘one-nation toryism’
end of public funding for ‘lame duck’ industries
Decimalisation of the british currency
Anthony Barber (Chancellor of the Exchequer), introduced cuts to public spending and taxes leading to inflation but NOT economic growth
Unemployment increased – unusual economic phenomenon became known as stagflation
what was Heath’s famous U-turn?
After aiming for less state intervention, unemployment reaching nearly a million meant they were forced into it – nationalisation of Rolls Royce in 1971 and funding for Upper Clyde Shipbuilders – Heath’s U-turn
what had unemployment decreased by in 1973
500,000
what economic effect did the Yom Kippur war have?
1973, OPEC (Organisation of Petroleum Exporting Countries) declared an oil embargo
What did NUM do in 1973 (national union of miners)
price of oil quadrupled and miners demanded a pay rise
industrial relations issues in 1970
dockers’ strike, pay settlement for dustmen, postal workers’ strike, ‘go-slow’ by power workers
what happened to the national board for prices and income?
Heath abolished it in 1970
what influence did Barbara Castle’s in place of strife 1971 do?
set up a Court to provide strike ballots and a ‘cooling-off period’ before strikes
TUC (Trades Union Congress) and CBI (Confederation of British Industry) opposed the act
what did the miner’s trike cause
3 day week
1974 election
March 1974 – Labour won election, but in a minority government – inherited inflation of 15% and balance of payment deficit of £3 billion
In October, Wilson called another election, and won a majority of 3 seats
How did Wilson deal with the industrial relations?
Wilson had negotiated the Social Contract with TUC in 1973 while in opposition – voluntary pay restraint in exchange for repeal of Industrial Act and pay board
Reached an agreement with NUM – end of state of emergency and three-day week
How did Dennis Healey help deal with industrial relations?
issued budgets in March and July to promote economic growth while not annoying unions
Rise in inflation due industrial crisis – Healey gave a speech warning of this in January 1975
budget of April 1975
huge increase in taxation and cut in public spending
