Ted Heath gov Flashcards
What was the ‘selsdon park agenda’
A commitment to free market economics. Abandonment of ‘lame duck’ industries.
What was unusual about heaths background
State school educated
When did heath become PM
1970
When did britain join eec
1971
What type of conservative was he
One nation, believed in post war consensus, strange because he was committited to ending public subsidy of failing industries
What was the school leaving age increased to
16
What lead to the Barber Boom, and a massive rise in inflation
Anthony Barber - Tax cuts to encourage investment, public spending cuts
Unemployment went up (reached 1 million ), so did inflation. Known as …
Stagflation
What year was Rolls Royce and Upper Clyde shipbuilders nationalised
1971 - Beggining of the famous U-turn in policy
What had unemployment fallen to by 1973.
500000
What prompted OPEC to declare an Oil Embargo.
Yom Kippur War in October 1973
What happened to the price of oil in 1973
4 x increase
What did the Industrial Relations Act do
Set up an industrial relations court, provided for strike ballots, a cooling off period before official strikes began
How many days of work were lost to strike in 1972
23,909,000
When was the Industry Act and what did it do
1972 - Government involvement in agreeing wages, prices, investments and benefits