HIST 3420 Lecture 14: BRT HIST NOTES 8
20 Feb 2019
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What was the balance of payments deficit when the conservatives came into power in. Labour won more votes but the conservatives won more seats. A savage programme of cuts on imports, credit, travel allowances, food subsidies and the meat ration. The bank rate was reduced and income tax cut. Road haulage and iron and steel industries privatised. Set up in 1953 and reported in the finances of the nhs. It showed that the nhs was both efficient and cost effective in its report in 1956. There was rising prosperity through cuts in income tax, end of rationing and expanding of social service. Britain was very still much a classed society. Divorce rates were low and women had very few rights. The conservatives won with a vote of 49. 7%, labour had a vote of 46. 4%. In july 1956, colonel nasser announced he was going to nationalise the suez canal and would charge ships to pass through it.
