Wilson and the Labour govt 60s Flashcards
When did Labour win the gen lec?
1964
When were Labour re-elected?
1966
When was the devaluation crisis?
1967
When was Britain’s application to join the EEC rejected?
1967
When was the Wilson govt defeated in the gen lec?
1970
What were the pros of deflation?
It would support the pounds value and it would prevent inflation
What were the cons of deflation?
It was a return to Conservative ‘stop-go’ approach which Labour were desperate to avoid and it could have prevented Labour from meeting its manifesto commitment to spend more on welfare and technology
What did the DEA want to achieve?
It tried to set growth targets and establish voluntary agreements about wages and prices with industrialists, trade union leaders, and civil servants
Was the DEA successful?
No, its proposals came to nothing as Brown didn’t have united govt support so the DEA (and Brown) were almost in competition with the Chancellor, Callaghan, and the Orthodox economists at the Treasury
What was the working world like for women?
Most women were underemployed in low skilled jobs with little chance of promotion. In 1958, women were paid less than 2/3 of a man’s salary for the same work
What approach did Wilson initially want to take to fix the economy?
Careful management and planning
What were views of trade unions in the early 60s?
Nearly 60% of people viewed them favourably
What were criticisms of Wilson’s kitchen cabinet?
It reinforced his suspicions of party rivalries and prevent ministers from having access to him
What was Jenkin’s position from 1964-1965?
Minister of aviation
What was Jenkin’s position from 1965-1967?
Home Secretary
What was Jenkin’s position from 1967-1970?
Chancellor
What did Jenkins say about his lack of expertise?
That he struggled to understand briefings because he had a ‘non-scientific’ mind
When was In Place of Strife published?
1969
What was Wilson’s ideology?
He was left of Labour and a Bevanite however in some ways he was more right as he supported Britain’s nuclear deterrent and wanted to reform trade unions
What did the Wilson govt implement instead of using the DEA’s suggested policies?
A prices and incomes policy to keep down inflation, which was implemented by a prices and incomes board
Pros of devaluation
Made imports more expensive, which made British goods cheaper thereby helping the balance of payments crisis
Cons of devaluation
Made Britain look weaker globally, and in reality, as Britain were forced to scale back its international activities. Labour could also gain the reputation as the party of devaluation as they had already devalued the pound under Attlee in 1949
What was Britain’s economy trapped in after the Post War Boom?
A cycle of stop go economics with bursts of prosperity leading to inflation, runs on the pound, and regular balance of payments crises.
What was the core aim of the 1964 Wilson govt?
Breaking the cycle of stop-go economics