Economic - Key Facts Flashcards
1
Q
Rate of inflation in March 1974
A
15%
2
Q
Balance of Payments deficit in March 1974
A
£3 Billion
3
Q
Board that was set up in 1974 to administer the government’s share holding in private companies
A
National Enterprise Board
4
Q
Chancellor
A
Denis Healey
5
Q
April 1975 Budget
A
- Steep rise in taxation
- Public spending was cut
6
Q
British company that was nationalised
A
British Leyland
7
Q
New Industrial Relations legislation
A
Social Contact - reppealed the Industrial Act
8
Q
Labour MPs put in charge of the departments of Industry and Employment
A
- Tony Benn
- Michael Foot
