Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Interesting that you quote the inflation rate for 1974.
It was 16% in 1973 under Ted Heath (Tory)
It went up to 24% in 1974 under Ted Heath (Tory) who then called a snap general election, believing he could get a majority.
When he didn’t, and couldn’t for a coalition with the Liberals, then Labour came to power. The next year inflation dropped back down to 16.5%.
It further declined to 8.3% in 1978.
When the Torres came to power, it went up to 18% in 1980.
Any idea which party brought that in? Hint: it started on 1st January 1974.
Any idea?
Would it be the Ted Heath Tory government who brought it in?
Did it stop 3 days after the Labour government came to power?
Interesting that you quote the inflation rate for 1974.
It was 16% in 1973 under Ted Heath (Tory)
It went up to 24% in 1974 under Ted Heath (Tory) who then called a snap general election, believing he could get a majority.
When he didn’t, and couldn’t for a coalition with the Liberals, then Labour came to power. The next year inflation dropped back down to 16.5%.
It further declined to 8.3% in 1978.
When the Torres came to power, it went up to 18% in 1980.
...but hey, the facts don’t fit the poster.
The conservatives move to monetarism was after 1980, it has been our economic model since.
Comment