Higher levels of VAT mean inflation reached what by the end of 1980?
What did the abolition of the Price and Income Commission and the end of controls on the movement and value of currency cause?
The value of the pound increase, harming exports, and increasing unemployment. This meant the government had to borrow more to pay for increasing unemployment benefits
In the Summer of 1980, how much was cut from public spending - affecting education and financial support for the unemployed?
When were interest rates raised for a second time: to 17%?
By the end of 1980, what had unemployment reached?
The 1981 budget was in the middle of one of the biggest economic downturns in Britain, but the government squeezed the economy by taking out an extra £4 Billion in takes, how many eminent economists wrote to The Times explaining the problems with it?
Which Cabinet 'Wet' was hugely critical of the 1981 budget?
How many years of economic growth followed the 1981 budget, and what did inflation fall to in 1983?
8 years, and 4.3%
Between 1979 and 1982, what did unemployment rise from and too?
1.2 Million to 3 Million
By how much did economic output fall between 1979 and 1982?
Between 1979 and 1982, to what level did the pound rise against the dollar, having a disastrous affect on exports?
$2.45 to the £
Which 1980 Act outlawed secondary picketing, and a 'Closed Shop' making union membership compulsory?
The Employment Act of 1980
When was Heathite Minister for Employment Jim Prior, replaced by Norman Tebbit who pushed through tough Anti-Union legislation?
British Steel was losing 37 Million a week, what was happening to it two years later?
It was magnificently efficient, but had lost half it's workforce.
Why did Sir Keith Joseph pay the £990 Million required to keep British Leyland running?
He could not face the prospect of mass-unemployment in the Midlands. (Possibly because there were many marginal parliamentary seats there).