(5)Labour goverment economic policy criticism

Criticism of nationailation
1. Financial and buisness guide lines were unduly restrictive lead to unrealstic princing policy
2. "Non-believe" were appounted to the nationslised boards- busness leader and retired generals
3. To easy for ministers to interfere
4. Little coherent planning that relates the newly national industries to the economy as a whole
5. Wage increase for less work
Goverment planning
1. Labour planning of the economy was largly a contine the physical and fincail control of war time
  1. Symulate export
  2. To direct industry towards develpoment areas
  3. To direct the use of vital raw materials
Criticism of goverment planning
1. there were no industry tardgets
2. The Treasy were doing "institional scepticism"
3. The goverment had keep the state work wage down to help exports but the TUC wanted "a wage policy" which morrison did not want
4. Lack of government will power over the issues, acnaccountable administratic mechanics
5. The idea of government planning does not sit well with labour due to the commitment to "democratic socalism" which would mean they would have to adopted more authitarian attituded
Dalton tax policy
1. He tax the rich more 97.7% tax at one point and took 2.5 million people out of tax
2. This restructing of tax was not enough to pay for labour plan a massive american loan, $3.75 billion at 2% was achieved but it came with a cach that the pound would be allowed to be unrestricted

Resource summary

	Created by Marcus Danvers over 10 years ago