1966 British election AS history Edexcel

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BAD INDUSTRIAL RELATIONS

  • most strikes were unoffical= worse damage - 90% unofficial
  • Left Benn- lack of education & industry, bosses weren't encouraged to spend on effiecient machinery
  • Tory Lawson- irresponsible trade unions as there were too many to negotiate with
  • work to rule
  • demarcation disputes

1967 OIL CRISIS AND DEVALUATION

  • caused run on the £
  • UK entirely dependent on oil
  • higher prices of oil & petrol = inflation
  • £ bought  14% less
  • imports caused increased prices in shops
  • didn't devaluate in stable times so can't blame Tories for it
  • Wilson lied saying that devaluation will not affect the £ in ur pocket
  • Dock strike in 1967- left wing says should be allowed to, right wing says there is a moral and immoral time to do it

 LABOUR SPLIT ON DEVALUATION

  • buying bk had worked
  • Brown said need to devaluate because it wil happen again
  • Wilson & Cllagnhan said cut expenditure instead
  • causes splits

WILSON & MIDNIGHT PRIVY COUNCIL 1967

  • Vietnam war costly for USA
  • needed to prevent run on the $
  • President Johnson asked Wilson to make it a bank holiday in UK so London stock exchange couldn't sell the $
  • had to do privy meeting without Brown who was drunk
  • Brown resigned…

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