Economy of Great Britain
The British population agrees to European Common Market membership
Great Britain · Government / Labour Party Government. Chronological records from PostgreSQL.
The British population agrees to European Common Market membership
The pound falls 27.6 percent against a basket of currencies. A "no panic" speech indicates complacency
Healey gives trade unions one week to accept a ten percent limit on pay increases.
Announces the Government's anti-inflation policy
Healey moves in the 2nd reading of a Bill to control pay increases, passed by 294 to 16.
Healey advocates higher taxation on upper incomes while using additional revenue to support poorer households.
Britain slashes welfare spending.
Britain slashes welfare spending
Britain slashes welfare spending as the Government announces major public expenditure reductions.
The British pound falls below the equivalent of $2 for the first time.
The British pound falls below the equivalent of $2 for the first time
The pound falls to $1.68
Britain applies to the International Monetary Fund for a loan of $3.9 billion.
Britain applies to the International Monetary Fund for a loan of $3.9 billion
Britain applies for an International Monetary Fund loan of 2,300 million pounds
Healey defends his measures to support the pound at the annual party conference.
Healey secures Commons support for the government’s economic strategy during the sterling crisis.
The Government wins a majority of 13 in support its economic policy
Announces in the Commons that the Governments inflation policy has been abandoned
Britains trade deficit in September is reported to be 365 million pounds
Britain begins offering tax breaks to owners of important works of art, inheritance taxes are spared in exchange for periodic viewing.
Britain begins offering tax breaks to owners of important works of art, inheritance taxes are spared in exchange for periodic viewing
Approval of the IMF loan strengthens confidence in Britain’s economic programme.
The monthly unemployment figures reach the highest since 1948
Misquoted in the press saying, "Crisis, what crisis?", returning from Guadaloupe
This factsheet contains records exported from PostgreSQL public.historical_events. Duplicate display records have been collapsed. Stored wording is otherwise presented without historical claims added by the generator. For academic citation, verify records against appropriate primary or specialist sources.