Pages in this set

Page 1

Preview of page 1
ATLEE V. CHURCHILL ----------------------------------------------------------------------------------------------------------------------


Hugh Dalton:
- Nationalised the Bank of England
- £50million National Land Fund (to buy important land/buildings as "a thank-offering for victory and a war-memorial").
- Balance of payments problem and Stafford-Cripps conspiring = Dalton under strain.
- Accidentally leaked his budget whilst stock-market…

Page 2

Preview of page 2
- Balance of payments - proposed tough 1960 budget.
- Mac disagrees. Heathcoat-Amory fired.

- Pay pause in public sector wages.
- Taxing children's pocket money - raised taxes on sweets.
- National Economic Development Council proved useless (NEDDY).
- 1961 emergency package.
- Unable to cope with…

Page 3

Preview of page 3
- Died a month after he was appointed the position.
- Outline for Budget included severe cuts in spending (e.g. snatching milk) and tax reforms, much of which was used.

- Took measures to join the EEC: replacing Purchase Tax with VAT, relaxing exchange controls (over foreign imports).




Really useful! Can i ask what grade you got last year?

Similar History resources:

See all History resources »