Harold Wilson's Second Govt.

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Comment on inflation under Wilson's Second Govt.
16% in 1974 - out of Chancellor Healeys control - Oil Crisis.
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What happened to the poundin 1976?
Value of the pound dropped below $2 in 1976.
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Comment on the IMF during Wilson's Second Govt.
Had to negotiate a £3Bn loan from IMF. Required a £3Bn spending cut. V. unpopular. Jeered at party conference.
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What year was the Industrial Relations Act repealed?
1974
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How high was wage inflation in 1975?
33%
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Comment on the European Referendum
1975 - called on EEC membership. 2:1 to stay in. Spending for yes:no also 2:1. Clever political ploy by Wilson to draw line under internal divisions over Europe. People felt first time their opinion was considered.
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How much was NHS spending increased 1974-6?
5% increase per annum.
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How much did the NHS admin staff increase between 1968-79?
300%
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Other cards in this set

Card 2

Front

Value of the pound dropped below $2 in 1976.

Back

What happened to the poundin 1976?

Card 3

Front

Had to negotiate a £3Bn loan from IMF. Required a £3Bn spending cut. V. unpopular. Jeered at party conference.

Back

Preview of the back of card 3

Card 4

Front

1974

Back

Preview of the back of card 4

Card 5

Front

33%

Back

Preview of the back of card 5
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