Britain's Economy: A Mid-term Report |
Common terms and phrases
20 per cent 32 SMITH SQUARE Brecon and Radnor BRITAIN'S ECONOMY British industry by-election Callaghan cash terms cent in real Common Market Conservative Political Centre conventional post-war wisdom CPC BOOKSHOP creating Crosby in 1981 deregulation ductive dustries economic policy economy's efficiency election financial discipline firm control freer improve income tax increase inflation labour market last Labour government leading figure little worse low point lower taxation maintain full employment major markets work better Medium Term Financial microeconomic policies MID-TERM REPORT misunderstanding Monetary natural growth North Sea Oil office in 1979 opposition output Parliament particularly Party organisation patients treated pensioner policies designed Prime Minister priorities Privatisation problems public spending real terms recession recognise reduction Rochdale in 1958 share of GDP slash Social Democratic Social Security Socialist and Social spend less Term Financial Strategy took office trade unions true public expenditure unemployment wider share ownership widespread overmanning