why did people feel more affluent Flashcards
what was the increase in real wages between 1955 and 1970?
47% increase in real wages
despite weaknesses in the British economy (e.g. stop-go) the British people experienced what?
a growth in real wages
what enhanced the quality of life
welfare services, education and housing improved
the british were working fewer hours throughout the 1960s- in 1950s how was working week reduced?
reduced from 6 days to 5 days each week
average worker now entitled to how many paid holidays a year
2
how many times did income tax fall in 7 years
fell 5 times in 7 years- 47.5p in the pound(1957) to 39p in the pound (1964)
purchase tax(tax on luxury items i.e electric fires,cars) fell from
100% in 1951 to 25% in 1963
the growing range of goods in the shops
left consumers spoiled for choice
traditional and wartime anxieties about careful money management(from the working class) were?
fading + being replaced by a desire to spend money + enjoy the pleasures of modern technology
unemployment remained very low throughout
period 1955-1970
however, unemployment did climb from how much in 1955 to how much in 1970?
-climbed from around 232,000 in 1955 to around 579,000 in 1970