Post war boom

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4 Terms

1
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how many people had been unemployed + by when?

1955 - only 200k, less than 1% of the workforce

2
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what was the post war consensus

where both political parties agreed on improving britain through things such as the welfare state and keeping unemployment low, govt intervention in the economy

3
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what tax cut did Chancellor R.A Butler introduce?

provided middle classes with £134M in tax cuts

4
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what happened in relation to income per head?

enjoyed a higher income than any other major country except for the US