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The Ideological Challenge
A Strategy for Inequality
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50 per cent acceleration achieved balance of payments Bank of England believe benefit borrowing requirement Britain British industry capacity cause Chancellor consequences Conservative cost countries decline deflationary demand economic growth effect exports fact fall figures firms fiscal foreign full employment happen higher imports income tax increase inflation interest rates Japan Keynesian kind Labour Government less Lord Cockfield major manufacturing industry manufacturing output Milton Friedman minimum lending rate Ministers modernising monetarism monetarist money supply national income nationalised Neville Chamberlain North Sea oil OPEC period Philip Snowden philosophy pound present Government private enterprise private sector production profits PSBR public enterprise public expenditure public sector rate of growth rate of inflation real wages reduce reflation relation result rise share situation speech strategy success taxation Thatcher things trade unions unemployment United Kingdom whole workers worse