UK Labour Party Political Broadcast - Feb 1974
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Errr.... it was 27% under Healey but only because someone had to take over from the utter incompetence of Barbour/Heath. Tell us what inflation was early 1970 and Oct 1974? It says it all. Healey then after a couple of years battling got inflation back under control by 1976 before it rocketed again under Thatcher from 1980 onwards. Those are the facts, backed up the official statistics, which can only be checked online.
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"We will do everything we can to keep the cost of living down". What happened under Healey? Inflation at 26.7%! The highest inflation in living memory!
All Comments (39)
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is the labour party communist?
are all the Labour Party leaders all Fabiens?
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she went on to join the fib dems. Btw you would be lucky if you can find bread for 50p from the manafacture masses, than you wold be from the bakers which is now either nearly a pound or higher per loaf.
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labour25
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First about statistics... The RPI in the middle 1970's peaked at 26.9% in Aug 1975. As for saying inflation rocketed under Thatcher, I politely suggest you look again at the figures, from July 1982 onwards the Conservative government had inflation coming down to a steady 4-5% until around 1990 and then again even better from 1992 onwards. Shirley Williams was an incredibly stupid woman responsible for ill thought out policies which have done untold damage to education and social fabric.
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@kbfeff SHE must DEFECT to the Labour Party, if she knew what will happen to her political life and what side of the House of Lords she would be sitting on, she would scream!
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9p for a loaf of bread.
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what a frikkin joke - TrashLabour are the high priesets of hyperinflation....27% in the 70s
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@Feisty1967 Not true. The prices in the film are adjusted and converted from the old to the new currency to give an accurate comparrison. Labour were totally correct when they said world prices had rocketed between 1970 and 1974.
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A lot of that price increase was due to the decimilisation of our currency in Feb 1971. This fuelled inflation and increased our prices. For example, if a packet of crisps cost 1p in old money, you got 240 packets of crisps for your Pound. In decimal money, if a packet of crisps cost 1p, you only get 100 packets to your Pound. So what happened to the other 140 packets?!
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@getmadgetmad1 Nonsence. We saw record inflation under Thatcher, inflation more than doubled under her leadership!
Shirley (now Baroness) Williams is an amazing politician still -- I always thought she would make a brilliant PM. This clearly isn't her most exciting TV moment, but a good piece of history nonetheless. Thanks for posting.
kbfeff 4 years ago 5
No problem... Take care...
James
t4change 4 years ago