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Social Contract (Britain)
The Social Contract was an economic policy of the Labour governments of Harold Wilson and James Callaghan in 1970s Britain. The contract referred to a pact between the Labour government and the Trades Union Congress (TUC) in order to allow the former to govern the country more effectively. The main goal of the Social Contract was the control of wage inflation In return for a package of measures, such as the repeal of the Industrial Relations Act 1971, increased social expenditure, and measures to control the cost of living, such as food subsidies, price controls and a freeze on rent increases, the trade unions would ensure that their members would cooperate with a programme of voluntary wage restraint, in which pay rises were held down to limits set down by the government. Background The idea for the contract was drawn up in January 1973 by Harold Wilson and Vic Feather of the TUC, in a document entitled ''Economic Policy and the Cost of Living''. It was adopted as Labour Par ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Policy
''Economic Policy'' is a quarterly peer-reviewed academic journal published by Oxford University Press, Oxford Academic on behalf of the Centre for Economic Policy Research, the Center for Economic Studies (University of Munich), and the Paris School of Economics. The journal was established in 1985 and covers international economic policy topics such as macroeconomics, microeconomics, the labour market, trade, exchange rate, taxation, economic growth, government spending, and Human migration, migration. The journal had an impact factor of 2.844 in 2016, ranking it 33/347 in the category "Economics". References External links * {{Official website, https://academic.oup.com/economicpolicy Wiley-Blackwell academic journals English-language journals Academic journals established in 1985 Quarterly journals Economics journals ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
February 1974 United Kingdom General Election
The February 1974 United Kingdom general election was held on Thursday 28 February 1974. The Labour Party (UK), Labour Party, led by former Prime Minister Harold Wilson, gained 14 seats (301 total) but was seventeen short of an overall majority. The Conservative Party (UK), Conservative Party, led by Prime Minister Edward Heath, lost 28 seats (though it polled a higher share of the vote than Labour). That resulted in a hung parliament, the first since 1929 United Kingdom general election, 1929. Heath sought a coalition with the Liberal Party (UK), Liberals, but the two parties failed to come to an agreement and so Wilson became prime minister for a second time, his first with a minority government. Wilson called another early election in September, October 1974 United Kingdom general election, which was held in October and resulted in a Labour majority. The February election was also the first general election to be held with the United Kingdom as a member state of the European C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of The Labour Party (UK)
The British Labour Party grew out of the trade union movement of the late 19th century and surpassed the Liberal Party as the main opposition to the Conservatives in the early 1920s. In the 1930s and 1940s, it stressed national planning, using nationalisation of industry as a tool, in line with Clause IV of the original constitution of the Labour Party which called for the "common ownership of the means of production, distribution, and exchange, and the best obtainable system of popular administration and control of each industry or service" (this clause was eventually revised in 1994). Labour has had several spells in government, first as minority governments under Ramsay MacDonald in 1924 and 1929–1931. MacDonald and half his cabinet split with the mainstream of the party and were denounced as traitors. Labour was a junior partner in the wartime coalition from 1940 to 1945. Following the 1945 general election landslide under Clement Attlee (1945–1951) it set up the we ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1970s In British Politics
Year 197 ( CXCVII) was a common year starting on Saturday of the Julian calendar. At the time, it was known as the Year of the Consulship of Magius and Rufinus (or, less frequently, year 950 ''Ab urbe condita''). The denomination 197 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire * February 19 – Battle of Lugdunum: Emperor Septimius Severus defeats the self-proclaimed emperor Clodius Albinus at Lugdunum (modern Lyon). Albinus commits suicide; legionaries sack the town. * Septimius Severus returns to Rome and has about 30 of Albinus's supporters in the Senate executed. After his victory he declares himself the adopted son of the late Marcus Aurelius. * Septimius Severus forms new naval units, manning all the triremes in Italy with heavily armed troops for war in the East. His soldiers embark on an artificial canal between the Tigris a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1979 Disestablishments In The United Kingdom
Events January * January 1 ** United Nations Secretary-General Kurt Waldheim heralds the start of the ''International Year of the Child''. Many musicians donate to the ''Music for UNICEF Concert'' fund, among them ABBA, who write the song ''Chiquitita'' to commemorate the event. ** In 1979, the United States officially severed diplomatic ties with the Republic of China (Taiwan). This decision marked a significant shift in U.S. foreign policy, turning to view the People's Republic of China as the sole legitimate representative of China. ** The United States and the People's Republic of China establish full Sino-American relations, diplomatic relations. ** Following a deal agreed during 1978, France, French carmaker Peugeot completes a takeover of American manufacturer Chrysler's Chrysler Europe, European operations, which are based in United Kingdom, Britain's former Rootes Group factories, as well as the former Simca factories in France. * January 6 – Geylang Bahru family ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1973 Establishments In The United Kingdom
Events January * January 1 – The United Kingdom, the Republic of Ireland and Denmark 1973 enlargement of the European Communities, enter the European Economic Community, which later becomes the European Union. * January 14 - The 16-0 1972 Miami Dolphins season, Miami Dolphins defeated the 1972 Washington Redskins season, Washington Redskins in Super Bowl VII, with the Dolphins ending the season a perfect 17-0. This marked the first and only time that an NFL team has had a perfect undefeated season, an achievement the team holds to this day. * January 15 – Vietnam War: Citing progress in peace negotiations, U.S. President Richard Nixon announces the suspension of offensive action in North Vietnam. * January 17 – Ferdinand Marcos becomes President for Life of the Philippines. * January 22 ** ''Joe Frazier vs. George Foreman, The Sunshine Showdown'': George Foreman defeats Joe Frazier to win the heavyweight world boxing championship in Kingston, Jamaica. ** A Royal Jorda ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wassenaar Agreement
The Wassenaar Agreement was an agreement reached in 1982 between employers' organisations and labour unions in the Netherlands to restrain wage growth in return for the adoption of policies to combat unemployment and inflation, such as reductions in working hours and the expansion of part-time employment. The agreement has been credited with ending the wage-price spiral of the 1970s, greatly reducing unemployment and producing strong growth in output and employment. The International Labour Organization The International Labour Organization (ILO) is a United Nations agency whose mandate is to advance social and economic justice by setting international labour standards. Founded in October 1919 under the League of Nations, it is one of the firs ... describes the Wassenaar as "a groundbreaking agreement, setting the tone for later social pacts in many European countries". See also * Moncloa Pacts References Economy of the Netherlands 1982 in labor relations Wassenaa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ralph Willis
Ralph Willis AO (born 14 April 1938) is an Australian former politician who served as a Cabinet Minister during the entirety of the Hawke-Keating government from 1983 to 1996, most notably as Treasurer of Australia from 1993 to 1996 and briefly in 1991. He also served as Minister for Industrial Relations, Minister for Transport and Communications and Minister for Finance. He represented the Victorian seat of Gellibrand in the House of Representatives from 1972 to 1998. Early life Willis was born in Melbourne on 14 April 1938. He is the son of Doris and Stan Willis; his father was a boilermaker who became a prominent trade unionist and served as federal president of the Boilermakers' Society of Australia and Boilermakers and Blacksmiths Society of Australia. Willis spent his early years in North Melbourne. The family moved to Footscray in Melbourne's western suburbs when he was two years old. He attended University High School and went on to complete a Bachelor of Co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bob Hawke
Robert James Lee Hawke (9 December 1929 – 16 May 2019) was an Australian politician and trade unionist who served as the 23rd prime minister of Australia from 1983 to 1991. He held office as the Australian Labor Party, leader of the Labor Party (ALP), having previously served as president of the Australian Council of Trade Unions from 1969 to 1980 and president of the Australian Labor Party National Executive, Labor Party national executive from 1973 to 1978. Hawke was born in Bordertown, South Australia, Border Town, South Australia. He attended the University of Western Australia and went on to study at University College, Oxford as a Rhodes Scholarship, Rhodes Scholar. In 1956, Hawke joined the Australian Council of Trade Unions (ACTU) as a research officer. Having risen to become responsible for national wage case arbitration, he was elected as president of the ACTU in 1969, where he achieved a high public profile. In 1973, he was appointed as president of the Labor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prices And Incomes Accord
The Prices and Incomes Accord (also known as The Accord, the ALP–ACTU Accord, or ACTU–Labor Accord) was a series of agreements between the Australian Labor Party (ALP) and the Australian Council of Trade Unions (ACTU), in effect from 1983 to 1996. Central to these agreements was an incomes policy to address the stagflation crisis by restraining wages. The unions agreed to limit their wage demands and assist in Microeconomic reform, microeconomic reforms, and in exchange, the government provided a 'social wage' of welfare and tax cuts. The Accord brought major changes to the Australian economy and continued throughout the entire period of the Hawke–Keating government. Two major outcomes were the reintroduction of universal public healthcare and the extension of superannuation coverage. The economic outcomes are difficult to gauge, but economic growth and inflation improved over this time period while trade union membership declined. Background The Accord aros ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Labor Party
The Australian Labor Party (ALP), also known as the Labor Party or simply Labor, is the major Centre-left politics, centre-left List of political parties in Australia, political party in Australia and one of two Major party, major parties in Politics of Australia, Australian politics, along with the Centre-right politics, centre-right Liberal Party of Australia. The party has been in government since the 2022 Australian federal election, 2022 federal election, and with List of state and territory branches of the Australian Labor Party, political branches active in all the States and territories of Australia, Australian states and territories, they currently hold government in New South Wales, South Australia, Victoria (state), Victoria, Western Australia, and the Australian Capital Territory. As of 2025, Queensland, Tasmania and Northern Territory are the only states or territories where Labor currently forms the opposition. It is the oldest continuously operating political party ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Winter Of Discontent
The Winter of Discontent was the period between late September 1978 and February 1979 in the United Kingdom characterised by widespread strikes by private, and later public sector trade unions demanding pay rises greater than the limits Prime Minister James Callaghan and his Labour Party government had been imposing, against Trades Union Congress (TUC) opposition, to control inflation. Some of these industrial disputes caused great public inconvenience, exacerbated by the coldest winter in 16 years, in which severe storms isolated many remote areas of the country. A strike by workers at Ford in late 1978 was settled with a pay increase of 17 per cent, well above the 5 per cent limit the government was holding its own workers to with the intent of setting an example for the private sector to follow, after a resolution at the Labour Party's annual conference urging the government not to intervene passed overwhelmingly. At the end of the year a road hauliers' strike began, cou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
