Who was Harold MacMillan? AKA: Super Mac!
You must prepare a report for Harold MacMillan on the state of the British economy between 1951 and 1964. In your report you should Outline the position, as you see it – with suitable factual support Explain how this situation came about Present your report to the rest of the class
Get a piece of A3 Put “Never had it so good” in the middle and spider diagram out to either prove or disprove the theory. You might even want to use different colour pens for each side of the argument
Read through pages 30 – 36 from your textbook and continue to make notes on your A3 poster. Then write up 20 factual recall questions on Microsoft Word and put the answers in Red
One thing that I can learn is that…. This is backed up by…….
Prices end up rising and inflation starts becoming an issue Stops people taking out loans or getting a mortgage People can take out cheap loans and got good mortgages. Wages are increased Prices stay low
To what extent is Macmillan’s statement an accurate analysis of the impact of Conservative economic policies during this period?
You must prepare a report for Harold MacMillan on the state of the British economy between 1951 and 1964. In your report you should Outline the position, as you see it – with suitable factual support Explain how this situation came about Present your report to the rest of the class
Provenance Content Tone and Language Provenance Content Tone and Language
CONSERVATIVE ECONOMIC POLICIES
Task In groups you must reproduce the diagram on Conservative economic policies 1951-64 You must all produce a diagram Only one person is allowed to look at the diagram at one time and feedback to the rest of the group You will only have a limited amount of time
1955: But Butler cuts income tax and purchase tax as there is a election coming Import controls-£50 limit on travel allowances Bank rate raised 1955: Pots and pans budget on kitchen utensils 1953: Income tax and purchase tax cut 1951-Balance of payments and huge defence commitments 1955: boom and too many imports Increase in exports to USA R. A. Butler (1951-55) 1962-National Economic Development Councils created (NEDDY) Macmillan 1955-57 Economic Policies Selwyn Lloyd 1960-62 Demanded halt to increasing government spending Composed of 6 trade unionists, 6 industrialists, 2 independents and 3 Cabinet ministers Wages rise faster than productivity Thorneycroft 1957-58 Heathcoat-Amory 1958-60 Wanted to bring down inflation-incomes had risen by 75% 1961-purchase tax raised and bank rate raised to 7% 1959-economic recovery results in giveaway budget Thorneycroft resigns when Macmillan opposes this Pay Pause introduced Income tax cut in an election winning budget
Chancellor Policies Butler: 1951-55 Balance of payments crisis and huge defence commitments led to raising of the bank rate and import controls (£50 limit on currency that could be taken out of the country). Exports to the USA led to an improved situation-in 1953 income tax and purchase tax were cut. A boom and too many exports should have led to stop policies but instead cuts were made to purchase and income tax as there was a general election. This led to a pots and pans budget were taxes were introduced on kitchen utensils. Macmillan: 55-57 n/a Thorneycroft: 1957-58 Incomes had risen by 75% Thorneycroft wanted to cut back on government spending to prevent inflation but resigned when Macmillan opposed this as he did not want more unemployment (which cuts would produce). Heathcoat Amory: 1958-60 An improvement in the economic situation in 1959 led to a ‘giveaway budget’. Income tax was cut for example. Selwyn Lloyd: 1960-62 In 1961 income and purchase tax were increased. A pay pause was also introduced. This was because wages were rising faster than productivity. In 1962 National Economic Development Councils (NEDDYS) were introduced (they were largely useless).