Callaghan, Healey and company could only ‘ govern’: holding the line against inflation through incomes policy; bemoaning the ‘ intolerable’ level of unemployment; waiting for an expansion of world trade to lead a recovery and for North Sea oil to give room for manoeuvre on the balance of payments.
Callaghan, Healey and company could only ‘ govern’: holding onto the rope against inflation through incomes policy; bemoaning the ‘ intolerable’ level of unemployment; waiting for an expansion of world trade to lead a recovery and for North Sea oil to give room for manoeuvre on the balance of payments.