Mac the Knife

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‘Mac the Knife’

 

·         By the late 1950s the pound came under increasing pressure as unemployment and inflation both kept rising. Macmillan acknowledged that something had to be done

·         Macmillan and the Chancellor, Selwyn Lloyd, agreed a public sector pay freeze and tax rises,  and in 1962 set up the National Economic Development Council (known as Neddy) comprising of cabinet members, unions members and employers and designed to sort out economic issues – it proved to be largely useless

·         The pay freeze and tax increases were to prove very

Comments

Mercury Sweet

Interesting! :)

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