HIST 3420 Lecture Notes - Lecture 30: Upper Clyde Shipbuilders, Anthony Barber, Selsdon
20 Feb 2019
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A largely hands off approach in matters of government direction and to encourage people to use their new freedom to promote their own interests. Abandon an incomes policy and would not seek to impose a wage freeze of interfere with pay settlements. Market forces would be allowed to operate, allowing free bargaining between employers and workers. Rolls royce was nationalised when it faced bankruptcy, this was justified at it was such a massive company. The upper clyde shipbuilders collapsed, the government did not want to intervene. Unemployment in glasgow was very high and workers staged a work in, this forced the government to change its policy for social rather than economic reasons. Cofe anthony barber reduces taxes, reduced government spending and scrapped the. Resulted in a short term boom which saw a brief economic growth of 7. 4%, this was quickly followed by a huge rise in inflation and spiralling wage demands.
