Harold Wilson6 January 1975
OPEC agrees to a 10 percent increase in the price of crude oil, triggers huge inflation
Great Britain · Government / Labour Party Government. Chronological records rendered directly from the World History Database.
OPEC agrees to a 10 percent increase in the price of crude oil, triggers huge inflation
Announces the Government's anti-inflation policy
The Bill for controlling inflation & pay increases receives the Royal Assent
Inflation peaks at about 26.9 percent as the Government seeks support for pay restraint.
Healey makes inflation control the central economic challenge of his chancellorship.
Announces in the Commons that the Governments inflation policy has been abandoned
ONS reports annual CPI inflation of 1.7 percent for September 2024.
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