- Some on left think Attlee didn't go far enough in his reform - made system more accaptable to workers without changing it
- Some hated continuation of rationing and shortfall in housing provision
- Failed to join EEC (when Britain could have taken leading role)
- Failed to bring a 'socialist britain' - just made life a little better for poor
- Nationalisation: Usually left the same managers in charge (still unaccountable and inefficient)
- Austerity: Meant more people voted Conservative due to bad conditions
- Economy: Convertability Crisis, Summer of 1947, Winter of 1947, Balance of payments crisis
Convertability Crisis: Keynes secured a loan of £3750 million at 2% interest rates (repayments to start in 1951). Britain must make £ fully convertible to $ within a year.
Summer of 1947: Due to CC, there had been a run on the pound. British resereves low. Bankruptcy loomed. American loan was being spent faster than anticipated. Contract on loan broke on 20 August.
Winter of 1947: Jan/Feb. One of the worst winters on record. Coal couldn't reach power stations because road, rail and sea links disrupted. Production fell by 50%. 20% of sheep, 50,000 cattle and 116,000 acres of winter grain destroyed.
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