The economy under Macmillan
- Created by: Lottie
- Created on: 31-01-13 10:18
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· Recovery slower than hoped
· Sluggish compared to other western countries
· Society was still class ridden
· Little entrepreneurial spirit
· Work force highly unionised
· Obvious divide between workers & bosses
· Increasing interest rates and taxes was used as a method to prevent inflation vice verse if growth began to slump (irresponsible method)
· Budgets used to political purposes to bribe the public before an election in 1964 by introducing tax cuts…
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