economy under tories 50s and 60s
- Created by: AIMEEBRIGDEN1
- Created on: 29-12-19 23:32
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- economy under tories in 50s+60s facts
- went from debt of 8700 million to +300 million
- wages went from 8.50 to 15.35
- churchill built 1.7 million houses
- ended rationing in 1954
- by the 1960s 10 million TVs in circulation
- by 1960s there were 60 000 people going to butlins a week
- 54% icrease in washing machines ownership during the 50s
- full employment
- tax cuts of 134 million and 370 milliom
- 1 in 5 people were employed in the service sector when churchill was PM
- average wage was 18.70 by 1964
- by 1960 there were 5 million people employed in the service sector
- on average wages grew 73% whilst prices only rose 45% between 1952 and 65
- spending on footwear and cosmetics for women rose 78% between 1951 and 1965
- working class mens wages increased 95%
- average working week fell to less than 45h
- by 1975 70% of houses had a washing machine
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