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What were the achievements of Atlee's Labour government 1945-51?

Post War Economic Reconstruction

  • US Loans-1945-3760 million and 1948 Marshal Aid-1263 million
  • Devaluation of the pound= £2.80 to $4.03
  • Low Inflation 5% 
  • Post War Austerity-wage restraints and rationing
  • Economic Growth of 2%
  • Low interest rates to encourage investment
  • Commitment to


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