UK has been bailed out by IMF

purch

then Chancellor Mr. Ted Heath

The Grocer never served as Chancellor, although he was Trade Secretary for a while.

treliac

fc123 wrote: »

My son and Daughter (15 +22) just cannot imagine how we survived with no internet, MSN, moby 'phone and 'The World of Me' Facebook. Son said something like...but how did you find jobs and stuff??? I had to explain back pages of newspapers.

They'll go through exactly the same when their children's technology leaves today's looking prehistoric!

purch

The biggest currency crash in my lifetime was under Thatcher in 1985 when a £1 bought you about $1.07

Yes, quite right.

Healey was a useless Chancellor, from his ideas for a wealth tax to his wages control....but a lot of 'forumonics' is spouted about 1976, and as usual much of it is way off the mark.

Mr.Brown_4

iolanthe07 wrote: »

Harold Wilson (Labour) and Ted Heath (Conservative) were not in government at the same time!

I do beg your pardon. I was getting confused with the early Thatcher years when I think she first met, then married Ted Heath. I did think Mr. Wilson was involved somewhere though, perhaps he was Tory Foreign Secretary. At least once the IMF deal was done we had the Winter of Contentment, and Boney M feat. E.Powell released their excellent "By The Rivers of Babylon Blood" single.

I'd rather trust my memories (I was there at the time - lol) than some random entry on Wiki.

thor

iolanthe07 wrote: »

The Tories always have to come in and sort things out.

They sure do like taking the credit for it don't they? In much the same way that Thatcher claimed to have caused the downfall of Apartheid in South Africa! Try teling that to Nelson Mandela.

iolanthe07

Well, I've lived through four periods of Labour government and each one has ended in financial disarray which the Tories have had to sort out. I'm not sure they will be able to do it this time though because we are well and truly stuffed.

Wookster

iolanthe07 wrote: »

Well, I've lived through four periods of Labour government and each one has ended in financial disarray which the Tories have had to sort out. I'm not sure they will be able to do it this time though because we are well and truly stuffed.

They will do better than labour on the economy for sure but they just don't have the lateral thinking to come up with new and novel ideas to sort out the mess we're in.

None of the parties do.

StevieJ

kennyboy66 wrote: »

Inflation peaked at 16% under the Heath Govt in Jan 1974.
Infaltion peaked at 27% under Wilson Govt in Aug 1975 then went down to 10.1% in May 1979.
It went back up again to 22% in June 1980 under Thatcher.
It was 11% in Oct 1990 - which is amazing considering the vast increase in unemployment under Thatcher and that we were then in recession.

The biggest currency crash in my lifetime was under Thatcher in 1985 when a £1 bought you about $1.07.
It had fallen from $2.40.

Boy, those Tories really sort things out.

Please Sir, can I have some more.

Don't forget the billions received in North sea oil revenues that they wasted :eek:

Jonbvn

Mr.Brown wrote: »

I remember it well. Mr. Wilson, the PM at the time made a statement to Parliament saying "we're in a bit of a fix". The figures had been set out throughly and openly by our then Chancellor Mr. Ted Heath and it was clear from the Treasury report that the Govt. had messed up.

You were obviously stoned at that time.;)

The PM was Jim C and the Chancellor Old Curly Eyebrows himself.

ben500

Mr.Brown wrote: »

I do beg your pardon. I was getting confused with the early Thatcher years when I think she first met, then married Ted Heath. I did think Mr. Wilson was involved somewhere though, perhaps he was Tory Foreign Secretary. At least once the IMF deal was done we had the Winter of Contentment, and Boney M feat. E.Powell released their excellent "By The Rivers of Babylon Blood" single.

I'd rather trust my memories (I was there at the time - lol) than some random entry on Wiki.

You must have cruised through the seventies on some kind of acid trip.