Callaghans Government Flashcards
When was the IMF loan received and how much was it
December 1976
£3 billion
What did the government do in return for the IMF loan
Spending cuts
Did callahagn handle the IMF loan well
Yes
The economy recovered
But Britain was still seen as being in economic decline and the conservatives saw it as national humiliation
Was labour divided
No he kept them unified but tension in trade unions and local authorities were growing
How many North Sea oilfeilds were there in 1978
9
What was inflation in 1978
10%
What was unemployment in 1978
1.6 million
When was the LIB-LAB pact made and why
1977 because labour no longer had a majority
And he needed to defeat the conservatives vote of no confidence
What did callahagn do in return for the lib-lab pact
Devolution of Scotland and wales
When were the devolution acts passed
1978
What were the terms of the devolution referendum
At least 40% of the population had to vote to approve the devolution order
When were devolution referendums held
1 may 1979
When did the TUC reject the 5% wage increase
1978
When was the winter of discontent
1978-1979
Not as bad as the miners strikes of 1974 tho
When did the winter of discontent end and with what
March 1979 with a 10% pay increase
