Labour Leader Ed Miliband keynote speech
Labour Leader Ed Miliband keynote speech; - The 1945 settlement was a revolution in the political economy of this country
- People thought in the 1930s there might be incredibly high unemployment but it's not a responsibility of government
- Government after 1945 took responsibility for full employment, NHS and building council houses
- The crowning achievement was the NHS - the model of political economy of that period was based on state providing basic platform of services
- This became a consensus between the political parties
- The Conservative Party of that period they had completely adapted to the new settlement by 1950
- Harold MacMillan won in 1951 and took forward that agenda
- Consensus lasted more than 2 decades
- by the 1970s spirit of 1945 had ran its course
- High inflation at that time meant living standards were falling back
- System was unable to meet the aspirations of working people
- Labour government of 1974-9 found it impossible to reconcile the competing interest of unions with society
- It led to Thatcher's election in 1979 and convinced people that a break was needed
- Just as 1930s settlement fell into disrepute, so did the 1970s settlement
- Wasn't just that consent had broken down but that the new right were preparing ideas that Mrs Thatcher would implement - Milton Friedman etc
- This new bargain was about government getting out of the way, the market would deliver prosperity
- Some of that did happen, after financial deregulation was easier for people to get credit
- You could buy your own council house and shares in newly privatised companies
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Date created:
09 February, 2012
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r09021208_18861.mov
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