2816623
Macmillan limitations 1957-63
- 'never had it so good'
- relied upon growing
affluence and hoped
people would be
content with higher
purchase.
- Effects on the
economy show
that the balance
of payments were
not as good
- relied upon growing
affluence and hoped
people would be
content with higher
purchase.
- Popular appeal
- Where at the start of his
administration his old school
style was regarded as a positive
and seen as a gentleman, by the
end he was regarded as out of
touch with the ever changing/
progressing time.
- Only 2 members of the
government had
non-public schooling.
- Eatonites running the country...
- 35 out of 95MPs
were related to
Macmillan by
marriage
- Eatonites running the country...
- Where at the start of his
administration his old school
style was regarded as a positive
and seen as a gentleman, by the
end he was regarded as out of
touch with the ever changing/
progressing time.
- Industry
- Afraid of confrontation/ radicalisation
- Very evident when
looking at how little was
done to modernise
industry in the period
- Seen in 90% productivity in
W. Germany/ 75% France and
only 30% in Britain
- Britain was also
lowest in regards
to industrial
growth 5.7% W.
Germany 5.4%
France and Italy
and only 2.8 %
briatin
- Seen in 90% productivity in
W. Germany/ 75% France and
only 30% in Britain
- Very evident when
looking at how little was
done to modernise
industry in the period
- Afraid of confrontation/ radicalisation
- Night of long knives 1962
- Removed 1/3 of cabinet
- Selwyn Lloyd
removed as
Chancellor of
Exchequer after NIC
failed with credit
squeeze and public
sector pay cuts
implemented
- Replaced by
Maudling (a much
younger minister)
- This went against plans of 1961
- Replaced by
Maudling (a much
younger minister)
- Panic ?
- Removed 1/3 of cabinet
- Unemployment at 800,000 1962/900
- Peak in 1959?
- Disagreement with
Peter Thorneycroft
(COFE 1957-58) when
he wanted to pursue
a different strategy
then Macmillans high
inflation and low
unemployment
- £180 million cuts
were needed,
Macmillan only
accepted £100
million
- Currency reserves were being depleted
- Brought about his resignation in 1958
- £180 million cuts
were needed,
Macmillan only
accepted £100
million
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