▁while ▁raising ▁them ▁against ▁the ▁U . S . ▁and ▁others . ▁ ▁The ▁effects ▁on ▁the ▁industrial ▁areas ▁of ▁Britain ▁were ▁immediate ▁and ▁dev ast ating , ▁as ▁demand ▁for ▁British ▁products ▁col lapsed . ▁By ▁the ▁end ▁of ▁ 1 9 3 0 , ▁un emp loyment ▁had ▁more ▁than ▁double d ▁from ▁ 1 ▁million ▁to ▁ 2 . 5 ▁million ▁( from ▁ 1 2 % ▁to ▁ 2 0 % ▁of ▁the ▁ins ured ▁work force ), ▁and ▁exports ▁had ▁fallen ▁in ▁value ▁by ▁ 5 0 %. ▁During ▁this ▁time ▁there ▁were ▁little ▁to ▁no ▁un emp loyment ▁benefits , ▁so ▁this ▁mass ▁un emp loyment ▁lead ▁to ▁many ▁of ▁Britain ’ s ▁population ▁becoming ▁imp over ished . ▁ ▁Government ▁reven ues ▁contract ed ▁as ▁national ▁income ▁fell , ▁while ▁the ▁cost ▁of ▁assist ing ▁the ▁job less ▁rose . ▁The ▁industrial ▁areas ▁were ▁hard est ▁hit , ▁along ▁with ▁the ▁coal ▁min ing ▁districts . ▁London ▁and ▁the ▁south - east ▁of ▁England ▁were ▁hurt ▁less . ▁In ▁ 1 9 3 3 , ▁ 3 0 % ▁of ▁Glas weg ians ▁were ▁un emp loy ed ▁due ▁to ▁the ▁severe ▁decl ine ▁in ▁heavy ▁industry . ▁ ▁Under ▁pressure ▁from ▁its ▁Liberal ▁al lies ▁as ▁well ▁as ▁the ▁Conserv ative ▁opposition , ▁the ▁Labour ▁government ▁appointed ▁a ▁committee ▁to ▁review ▁the ▁state ▁of ▁public ▁fin ances . ▁▁ ▁The ▁May ▁Report ▁of ▁July ▁ 1 9 3 1 ▁ur ged ▁public ▁sector ▁w age