P/E/181. Prices and incomes policy in Britain in 1960 ƒ 1970s

The paper looks at the price and income policies used in Britain after the second World War. The author debates whether the aim of the policies was to curb the inflation or to deal with the unemployment. The methods of evaluating the success of the policies are described; the evidence of price and wage inflation levels over the period is given. The paper concludes that the success of the policies under analysis is doubtful.