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3 - Economic indicators

Published online by Cambridge University Press:  07 October 2011

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Summary

The following tables are offered as an overall guide to economic indicators during the period of the 1964–70 Labour Government's incomes policy.

Table 1 shows changes in the rate of growth, unemployment, wage rates, wage and salary earnings and retail prices during each discrete phase of the incomes policy. (The longest phase, that covered by the 1968 White Paper and extending from April 1968 to December 1969, is divided into two sub-periods.) The percentage increases reflect changes from the average for the quarter preceding each period to the average for the final quarter of the period. Hourly wage rate figures are based on the DEP's index of basic hourly rates of manual workers; earnings figures are based on the DEP's monthly index of weekly average wage and salary earnings in all industries and services, and are seasonally adjusted. The data was presented in this useful fashion by Allan Fels, in his The British Prices and Incomes Board (Cambridge 1972).

Tables II, III, and IV were derived from data presented originally in the NEDO's Productivity, Prices and Incomes, A General Review, pub lished annually in conjunction with the incomes policy for the years 1966 to 1970. The figures presented for a given year in one Review were sometimes adjusted in subsequent Reviews, and wherever possible the most recent data presented in the Reviews for any of the years in question have been used in these tables.

Type
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Social Democracy and Industrial Militiancy
The Labour Party, the Trade Unions and Incomes Policy, 1945–1947
, pp. 263 - 265
Publisher: Cambridge University Press
Print publication year: 1976

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  • Economic indicators
  • Leo Panitch
  • Book: Social Democracy and Industrial Militiancy
  • Online publication: 07 October 2011
  • Chapter DOI: https://doi.org/10.1017/CBO9780511898266.014
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  • Economic indicators
  • Leo Panitch
  • Book: Social Democracy and Industrial Militiancy
  • Online publication: 07 October 2011
  • Chapter DOI: https://doi.org/10.1017/CBO9780511898266.014
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Economic indicators
  • Leo Panitch
  • Book: Social Democracy and Industrial Militiancy
  • Online publication: 07 October 2011
  • Chapter DOI: https://doi.org/10.1017/CBO9780511898266.014
Available formats
×