The Economic Policy 1951 To 64 Flashcards
There was a Conservative 1951 election
Do I have a party lost many of its middle-class voters and working-class voters few people identified themselves as working class so themselves as middle class and less inclined to vote labour or trade union is rationing continued after the war making them very unpopular and they were seemed unable to revive the struggling economy
However the Conservatives pledged to return the countries prosperity and preserve the main features of the wealthiest it
Stop and go economy
Relaxed borrowing and consumer credit was this stimulated a boom and excessive spending as spending increased so did the economy
This then lead to inflation
Higher interest rates and taxes then slow down the economy it says become less competitive there was no real strategy in 1950s corporatism sound in 1960 inflation n unemployment bounced up and down
Interest rates within 4 to speed up the economy continuing to stop and go cycle
How successful was nationalisation
Was central to sustain tomorrow and impetus of the 1945 gov
Metzen to establish a national nothing rather than the private companies existing before the war
Many industries including: mining government bar out the former owners were keeping the same management the workforce good and no more so you know organising British industry than they had before
In place of strife
Pasr governments dealt with trade union is by involving them in decision-making (corporatism) live relax a trade union laws under Attlee allowing trade unions greater power
What problems emerge in 1966 and 1967
Growth of an official wildcat strikes call by local officials shop stewards 47 days were lost to strikes in 1968. This damage to the economy
The Conservatives dealt with by reforming trade unions and weekend g ther power
Barbara Castle
Rising star of Wilsons cabinet had the task of managing miles to prevent wildcat strikes limiting trade union powers
In place of strife
It was the government of herself for an act of parliament government could order strike ballot by official individual action
Workers in unofficial strikes led by militant shop Steward could be ordered back to work By secretary of state
What did in place of strife propose
When unions for one another in the workplace disputes would go to an industrial board who would handle a legally binding verdict
A strike would break these rules and was declared illegal unions could face Stiff fines and members could even be imprisoned
Why did Wilson not adopt in place of strife
Unions were opposed to it and the party was at a divide
It was not seen as a missed opportunity as only know that 1% of working days were lost
However some people see it as a missed opportunity as there was so many strikes in the 1970s and was a missed opportunity for labour as by failing to dealwith unions created an opportunity for Margaret Thatcher to become p.m. in 1979 to deal with trade unions herself