Summary of Labour in power, 1948-51

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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…

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