Summary of Labour in power, 1948-51

CRIPPS AND AUSTERITY

• chancellor of the exchequer during the austerity period
• called on the nation to make any number of sacrifices to put up with number of restrictions
• rationing re introduced
• few consumer goods
• virtually no luxuries
• limit spending in order to keep inflation low
• wage freezes
• devaluation of the pound

CHANGING CONSERVATIVE PARTY

• consensus
• buksellism
• limiting role of gov to…