Comments by "Neil of Longbeck" (@neiloflongbeck5705) on "Historigraph" channel.

  1. 12
  2. 9
  3. 3
  4. 3
  5. 3
  6. 3
  7. 3
  8. 2
  9. 2
  10. 2
  11. 2
  12. 2
  13. 2
  14. 1
  15.  @rob5944  a bit like every government since the mid-1960s with the ending of the British East of Suez commitments. But he did have to cut his cloth in line with the country's financial situation. Since the 1967 devaluation we had had the best part of 15 years of industrial turmoil and decline. In 1982 many parts if the country were still dealing with the recession of the early 1980s with no view of any prosperity that was supposed to come from the slimming down of the nationalised industries. Tax income had fallen with each person removed from the workforce and each business closed. If was political suicide to cut the welfare state including the NHS or education, but cutting military spending was seen as fair game as was reducing the number of people who could call themselves British, which including the people of the Falklsnds (one of the reasons why the Argentinians though we wouldn't fight for them). Unfortunately political actions and inactions tend to blight the country hard a decade or more down the line. An example if this us the devaluation of November 1967. After the best part of 3 years trying to support the value of the Pound the Labour government had to allowing to be devalued by 14%. The causes are many, but include a worse balance of payments deficit (£800 million instead of the expected £400 million run up under the preceding Conservative government), overmanning in industry encouraged by Conservative policies intended to reduce unemployment, lack of investment in new equipment and techniques and unions resisting to changes (some of which would have benefitted their members in terms of health and safety and other areas).
    1
  16. 1
  17. 1
  18. 1
  19. 1
  20. 1