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Edward Heath 1970-1974
Descripción
Mapa Mental sobre Edward Heath 1970-1974, creado por George Thomas el 19/05/2013.
Mapa Mental por
George Thomas
, actualizado hace más de 1 año
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George Thomas
hace casi 11 años
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Resumen del Recurso
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
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