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inflation surged to 2...
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unemployment topped o...
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nationalized industries were draining resources f...
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confrontation...
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s...
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the u...
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1...
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1...
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British ...
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nationalized i...
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went on strike for the first time...
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forefront of British labour...
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wages were not keeping pace with accelera...
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public sympa...
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Conservative gov...
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midst of power bl...
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declared a state of e...
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mandated a three-day wor...
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sought public backing against...
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1974
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called an e...
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It lost, and the Labour government that returned to power settled the strike on terms...
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The victory was, however...
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Labour gov...
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could not afford the terms of th...
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balance of payments crisis paralleled huge b...
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Turning for ...
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IMF
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19...
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choi...
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submitting to IMF-mandated budget...
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and aus...
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or
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declaring bankruptcy and sacrificing the integr...
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mortally wounding financial interests in the ...
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draconian budgetary cutbacks in welfare state expenditure...
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Labour government went against the material interests of its tra...
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no solution to the crises of accumulation a...
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so...
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unsuccess...
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mask the diff...
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appealing to corporati...
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everyone was supposed to sacrifice something for the bene...
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supporters were in op...
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public sector workers initiated a series of crippling strikes in the ‘winter ...
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‘Hospital workers went out, and medical care had to be severely rationed. Striking gravediggers refused to bury the dead. The truck drivers were on strike too. Only shop stewards had the right to let trucks bearing “essential supplies” cross picket lines. British Rail put out a terse notice “There are no t...
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p...
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full cry against greedy and disruptive unions, and public...
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Labour governme...
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election that ...
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