ECONOMY 1951-1964


	ECONOMY 1951-1964
	Advantages 1951 - post war boom, nationalisation of iron and steel, 5% more people than in 1941, Britain imported 29% more goods (Churchill) 1953 - steel and transport nationalised (Churchill) 1955 - Rab Butler 'give-away' budgets -tax cuts for the middle class if they voted conservatives in the election, full employment - less than 1% unemployed (Churchill)	Disadvantages 1956 - financial crisis caused by east Suez -military and defence (Eden) 1959 -budget tax cuts of £370 million (Macmillan) 1960 - Seeked IMF loan (macmillan)
	Evaluation

1951 - post war boom, nationalisation of iron and steel, 5% more people than in 1941, Britain imported 29% more goods (Churchill)
1953 - steel and transport nationalised (Churchill)
1955 - Rab Butler 'give-away' budgets -tax cuts for the middle class if they voted conservatives in the election, full employment - less than 1% unemployed (Churchill)

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