The end of post war consensus 1970-1979: Political + Economic Flashcards
Who was the Conservative prime minister and what were the dates of his rule?
Heath (1970-1974)
Who were the Labour prime ministers and what were the dates of their reign?
Harold Wilson (1974-1976)
Callaghan (1976-1979)
What were Heath’s strengths as prime minister?
- Had experience (leader of Conservative party since 1965)
- Won 1970 election around clear policies of reform (industrial and economic modernisation)
- He was a europhile
What were Heath’s weaknesses as prime minister?
- Not popular with party and public
- Lost 1966 and 1974 election
- Struggled with industrial conflict and economic problems
- Defeated by Thatcher in 1975
When did Britain enter the EEC and who was it under?
- 1973
- Heath
Who replaced Heath as leader of the Conservative party and when was it?
- Thatcher
- 1965
What did Heath believe in?
- One nation toryism
- Post war consensus
What were some of the reforms under Heath?
- School leaving age raised to 16
- Local government was reorganised
- British currency went decimal
What did Heath’s chancellor, Barber, do?
- Introduced cuts in public spending
- Introduced tax cuts to encourage investment
- Rapid rise in inflation
- Named the barber boom
What is stagflation?
The unusual combination of inflation and economic growth
What was the Conservative parties U-turn?
- Unemployment began to edge towards 1 million, government had to take action despite wanting to reduce state intervention in industry
- Engineering firm Rolls Royce was nationalised in 1971
- Government money was used to prevent upper clyde shipbuilders going bankrupt
By 1973 what had unemployment fallen to?
500,000
What was the oil crisis and when was it?
- 1973
- Triggered by Yom Kippur war
- War prompted OPEC to declare an oil embargo
- Exports stopped, oil prices quadrupled, long queues formed outside petrol stations
- Led to the NUM demanding a huge pay rise
What were some of the industrial disputes that Heath had to deal with?
- Docker’s strike
- Large pay settlement for dustmen
- Postal workers strike
- ‘Go slow’ by power workers which led to power cuts
How did the government respond to industrial disputes?
Brought in the Industrial Relations Act- set up an Industrial Relations court and provided for strike ballots and a ‘cooling off’ period before official strikes could begin (TUC and CBI opposed it)