Wednesday, 5 May 2010

Paralysed Britain: The last time we had a hung Parliament... and the chilling parallels with today


In the Seventies, as today, the roots of the crisis began with economic hubris turning to disaster.

Years of reckless spending and monetary incontinence came to an end on New Year's Day 1974, when Edward Heath's Conservative government imposed an unprecedented three-day week to cope with the aftermath of the OPEC oil shock and industrial action by the militant miners' union. more...


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