When did the last Labour Government come into power?
1945
When did they stay in power until?
1951
Who was the third Labour PM?
Clement Atlee
What did the govt do to help the economic situation?
Austerity Programme - cut costs, avoided inflation
When was rationing stopped?
1948
Benefits of the govt?
Introduced welfare state nationalisation Marshall Aid Achieved full employment Indian independence 1 million new homes
Negatives of govt?
Korean War 1950 increased economic pressure again
Too closely tied to America - locked into Cold War
Not enough investment in industry