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Major Events

In: Inside Thatcher’s Monetarist Revolution

Author

Listed:
  • Gordon Pepper

    (City University Business School)

Abstract

What constitutes a major event? Chart 7.1 illustrates the recessions in the UK since 1968. The graph with the dots shows the coincidental indicators of the economy. The one without dots shows unfilled job vacancies. Four recessions are illustrated: (i) 1970–1, starting when Roy Jenkins was Chancellor of the Exchequer, (ii) 1974–5 when Denis Healey was Chancellor, (iii) 1979–81 when Geoffrey Howe was Chancellor, and (iv) 1990–2 when Norman Lamont was Chancellor.

Suggested Citation

  • Gordon Pepper, 1998. "Major Events," Palgrave Macmillan Books, in: Inside Thatcher’s Monetarist Revolution, chapter 7, pages 53-55, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-333-99547-1_7
    DOI: 10.1007/978-0-333-99547-1_7
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