Zusammenfassung der Ressource
Edward Heath
1970-1974
- 'The New Right'
- Reduce rise in prices, increase productivity, reduce unemployment
- State intervention to be abandoned, 'break
away' from consensus
- Trade Unions
- Industrial Relations Act 1971
- Restricted right of workers to strike
- National Industrial Relations Court (NIRC) judged validity of strike
- Unions required to register themselves to Govt to maintain legal rights
- Hostility
- TUC refused to join 1971 Act, as did all unions. Impossible to enforce Act
- Heath Govt. appeared weak
- NUM. 1972, for wage increase and highlight threat on livelihood, strikes
- A Bad Start
- John Davies, Department Of Trade and Industry
- Advised Govt comapanies not doing well, should not be funded
- Anthony Barber as Chancellor Of Exchequer
- Income tax cuts, reductions in Govt spending, scrapped Prices and Incomes Board
- Brought tax concession to rich, rise in council house rent
- Withdrawal of free milk. Margaret 'the milk snatcher'
- Inflation at 15% in 1971, Industrial output declining
- 1972, returned to price and income control
- 1971, DTI nationalise Rolls Royce. U-Turn
- Upper Clyde Shipbuilders granted £34m to continue
- Failures
- 1973, three-day week. NUM gained 21% wage increase
- Almost 3x what they originally offered
- 1974 further strike, 'Who governs Britain?'
- Major Heath defeat
- Rapid inflation made maintaining prices impossible
- Productivity declined due to miners strikes and demands
- Unemployment had only risen under Heath
- Resorting back to austerity measures with 3 day week
- Labour won 1974 election by four seats
- Other Aspects
- Local Government Act 1972-73
- Peter Walker, Environmental Minister
- Reshape local government structure
- Destroyed landmarks, Rutland
- EEC 1973
- De Gaulle retires 1969
- Reapply 1972, signed Jan 1 1973
- Heath said to have told colleagues
to accept EEC's request at any
cost
- 'The Six' unwilling to
listen to newcomer
- European tariffs non-profitable
for imports or exports
- British workers could work
in any EEC country
- Oil Price Crisis 1973
- OPEC, Arabs use oil as weapon in conflict with Israel
- Arab-Israeli War, Oct 1973. West supported Israel
- Arabs then reduced oil supplies to West
- Severe Inflation. Severe Recession 1973-83
- Balance of Payments deficit reaches £1b
- Unemployment had receded to 628,000 by 1974
- Sterling value dropped from $2 to $1.57