Stagflation (High unemployment and high prices).
Nearly 900,000 people were unemployed by 1963!
GB growth at 2.3% while France 4.3% and Germany 5.1%. Feels good but still behind other world powers.
STOP-GO led to problems. Thorneycroft (Chancellor) resigned in 1958 over Government spending.
By 1964, the government debt was at £800M which is simply too much.
Socialist surge- 1960 Bevin dies and in 1963 Gaitskell (Labour Leader) dies leading to Wilson becoming PM who added life and positivity to the Labour Party. Wilson had a Yorkshire accent which made him different and unique compared to other MP's and also went to a Grammar School.
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