George BrownOctober 1964
Brown was appointed to the newly created Department of Economic Affairs and Deputy Prime Minister in October 1964 hoping to institute long-term economic planning and remove some of the power of the Treasury
Great Britain · Government / Labour Party Government. Chronological records rendered directly from the World History Database.
Brown was appointed to the newly created Department of Economic Affairs and Deputy Prime Minister in October 1964 hoping to institute long-term economic planning and remove some of the power of the Treasury
The Department of Economic Affairs releases its 1st National Plan
Wilson's advisers Patrick Blackett and Thomas Balogh advise him to create the DEA. The DEA will undertake long-term planning of the economy and industry, while the Treasury would determine short-term revenue raising and financial management. The DEA is tasked with the preparation of a National Plan for the economy published in September 1965
Wilson's advisers Patrick Blackett and Thomas Balogh advise him to create the DEA. The DEA will undertake long-term planning of the economy and industry, while the Treasury would determine short-term revenue raising and financial management. The DEA is tasked with the preparation of a National Plan for the economy published in September 1965
The Department for Economic Affairs is established under George Brown
Wilson's advisers Patrick Blackett and Thomas Balogh advise him to create the DEA. The DEA will undertake long-term planning of the economy and industry, while the Treasury would determine short-term revenue raising and financial management. The DEA is tasked with the preparation of a National Plan for the economy published in September 1965. The Department for Economic Affairs is established under George Brown
Appointed Secretary of State for Economic Affairs at the Department of Economic Affairs
After the 1966 general election at which Labour won re-election with a Parliamentary majority of 96, the Government was hit by a severe financial crisis the question of devaluation is raised again, with Brown now strongly supporting it, but Harold Wilson was firmly opposed, preferring a set of deflationary measures including spending cuts and interest rate rises, Brown believed that these measures would damage the economy
Shore declared immediately his belief in state-controlled economic planning, together with the regulation of prices and wages. Appointed Secretary of State for Economic Affairs at the Department of Economic Affairs
Early in 1968, the responsibility for prices and incomes was transferred to another department. The Treasury had never approved of the creation of the Department for Economic Affairs and began reasserting its influence, depriving it of any significant power
The Treasury was able to claw back its power and the Department of Economic Affairs had become moribund long before it was wound up in 1969
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