1. what problems did Jim ( James) Callaghan face as Chancellor of the Exchequer?
- one year freeze on wages while prices increased
- Bank rate increased
- seamen's union strike in 1966
- Conservatives lefted it in too bad of a shape
- protential devaluation ($2.80-$2.40) and balance of payment crisis
- restrictions on hire purchase
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2. why did Labour win the 1945 election (conservative failures)
- Conservatives were considered an inter-war government
- government failed to provide 'a land fit for heroes'
- Churchill was considered a war mongrel and people couldnt rely on him as a domestic politician
- conservative government failed to stop the war with thier 'appeasement'policy
- failed to manage the economy and unemployment
- conservatives had a weak and unconvincing election campaign
3. what were the consequences of November 1967?
- government spending was cut and reforms were put on hold
- plans were drawn up for a stronger deflationary measures
- taxation was raised on things like petrol, cigarettes and drinks
- Foreign travel was made more expensive
4. What were the reasons for it?
- nationalisation would mean we pay for it
- we wanted to prove we were strong
- to stop Nasser nationalising the suez canal which would limit our oil supply
- Britain needed the canal for quick assess to the middle east's oil supply
5. who won the general election in 1970?
- Conservatives - Edward Heath
- Labour - Roy Jenkins
- Labour - Harold Wilson