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Political Pressure and Economic Policy - 1st Edition - ISBN: 9780408108300, 9781483163529

Political Pressure and Economic Policy

1st Edition

British Government 1970–1974

Author: Martin Holmes
eBook ISBN: 9781483163529
Imprint: Butterworth-Heinemann
Published Date: 25th March 1982
Page Count: 172
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Political Pressure and Economic Policy: British Government 1970-1974 discusses the shift in British economic policy following the electoral victory of the Conservatives in 1970. It attempts to explain not just the immediate reasons for the policy reversals, but also the political context in which they were made in terms of the difficulty of sustaining the “Quiet Revolution” policies when they so clearly appeared to contradict the post-war Keynesian consensus to which the Conservative Party was still committed. The book is organized into three parts. Part I discusses the events leading up to the “Quiet Revolution,” which involved major policy reversals that led the Conservative Party towards a path radically different from the status quo. Part II examines specific policy changes such as passage of the Industrial Relations Act; the U-turn over industry policy; the “N minus 1” policy; and the “Health dilemma” strategy. Part III focuses on Mr. Edward Heath's Prime Ministerial style of Government.

Table of Contents


Part I Introduction

Chapter 1 Electoral Victory and the 'Quiet Revolution'

1.1 Opposition 1964-1970

1.2 The 1970 General Election

1.3 The 'Quiet Revolution'

Part II Political Pressure and Economic Policy

Chapter 2 The Industrial Relations Act: Its Origins, Operation and Consequences

2.1 The 1960s' Background

2.2 The Implementation of the Act

2.3 The Docks and Railways Disputes

2.4 Putting the Act 'on Ice'

Chapter 3 The U-turn over Industry Policy

3.1 Disengagement

3.2 Rolls-Royce

3.3 The Upper Clyde Shipbuilders' Crisis

3.4 The Political Pressure of Rising Unemployment

3.5 The Industry Act and the Return to Interventionism

Chapter 4 The 'N minus 1' Experiment and the Reaction to Rising Unemployment

4.1 The Background to 'N minus 1'

4.2 The Politics and Economics of Unemployment

4.3 The 1972 Miners' Strike

Chapter 5 The 'Heath Dilemma' and the Drift to Incomes Policy

5.1 The 'Heath Dilemma' Strategy

5.2 The Tripartite Talks

5.3 The Resort to Statutory Controls

Chapter 6 The Operation of Stages I and II

6.1 The Freeze

6.2 By-Election Anxieties

6.3 Stage II and the Dash for Growth

Chapter 7 Stage III, the Miners' Strike and the February 1974 Election

7.1 The Secret Downing Street Meeting

7.2 The Miners' Dispute Escalates

7.3 The TUC Initiative

7.4 The February 1974 Election

Part III Conclusions

Chapter 8 Policy Reversals and Prime Ministerial Power

8.1 Mr Heath's Style of Government

8.2 The politics of Confrontation?

8.3 The Criticisms of the Conservative Right

Chapter 9 Policy Reversals and Contemporary Conservatism

9.1 The Context of Conservatism

9.2 Economic Priorities and Political Pressure

9.3 Final Assessment

Part IV Appendixes

I Chronology

II Select Bibliography



No. of pages:
© Butterworth-Heinemann 1982
25th March 1982
eBook ISBN:

About the Author

Martin Holmes

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