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> This from a Conservative govt. The dispute and three day week ended when they lost the election to Labour. I don't want to get too embroiled in historical po
by Steve44 8y ago
> This from a Conservative govt. The dispute and three day week ended when they lost the election to Labour.
I don't want to get too embroiled in historical politics here but reading http://news.bbc.co.uk/onthisday/hi/dates/stories/november/6/newsid_2538000/2538623.stm http://news.bbc.co.uk/onthisday/hi/dates/stories/november/6/... gives :-
> 1972: Pay and price freeze aims to curb inflation. The Conservative Government has frozen pay and prices in an attempt to halt spiralling inflation.
and
> Wages and prices had started to spiral out of control after the collapse of agreements between the previous Labour Government and the unions.
> The Conservative Government's moratorium on price and wage increases passed into law as the Counter-Inflation bill.
As tends to be the case one change of Government tries to fix an inherited problem and that generates it's own set of problems.
- NeedMoreTea 8y agoIt only rated mention as being surprising rather than anything party political. The details were so far removed from what we might expect from the Conservatives. Well, any modern party really. > moratorium on price and wage increases Economically the seventies were rather a mess. A wage freeze would be challenging with double digit inflation. I remember power cuts at other times throughout the decade, I think up until the Thatcher govt came in to push back the unions.