Michael Mackintosh Foot5 March 1974
Takes responsibility for employment policy as Labour seeks voluntary wage restraint.
Great Britain · Government / Labour Party Government. Chronological records rendered directly from the World History Database.
Takes responsibility for employment policy as Labour seeks voluntary wage restraint.
Healey becomes Chancellor as inflation and wage pressure dominate economic policy.
Relies on voluntary union cooperation rather than statutory pay controls.
Healey supports the 6 pounds weekly limit as part of the anti-inflation package.
Announces the Attack on Inflation policy with a flat weekly pay limit.
The pay policy passes through the Commons by 327 votes to 269.
Healey sees pay-control legislation progress after intense Commons debate.
Defends the voluntary pay policy while maintaining Labour's trade union links.
Healey argues that wage restraint is essential to reducing inflation.
Healey introduces a strict pay policy to restrain wage inflation.
Healey presses for pay restraint as inflation reaches severe levels.
Frames pay restraint as a temporary necessity to control inflation.
Wilson rejects Treasury proposals for a statutory pay policy and keeps the voluntary approach.
Becomes Prime Minister and inherits the pay policy and sterling crisis.
Healey works with the TUC on a second phase of pay restraint.
The National Union of Seamen votes for industrial action over a 6 pounds claim, breaching pay policy.
Warns Labour that inflation cannot be solved by spending alone.
Healey faces the IMF loan application as sterling pressure intensifies.
Takes over employment policy as the second phase of pay restraint develops.
Defends voluntary incomes policy as central to the government's anti-inflation strategy.
Healey links public spending restraint with continued pay discipline.
Leaves office after the first phase of voluntary pay restraint is established.
Healey announces a third phase intended to avoid a free-for-all in wages.
Attempts to maintain union support while preparing a return to collective bargaining.
Insists the government must hold the line on pay to protect economic recovery.
Uses pay policy to argue that lower inflation can protect jobs.
Healey supports a phased return from strict controls to collective bargaining.
Backs the five percent pay guideline despite union warnings.
Healey introduces a White Paper setting a five percent pay guideline.
Faces mounting union opposition to the five percent guideline.
Faces the collapse of the five percent policy after major private-sector settlements.
Healey backs a five percent pay guideline before the winter's industrial unrest.
Healey privately doubts whether the five percent limit can be sustained.
Sees the pay policy breakdown damage Labour before the general election.
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