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UK unemployment rates consistent with this definition are available from 1971. Considering this consistent time series, the highest unemployment rate recorded since 1971 was 11.9% in 1984 and the lowest was 3.4% in late 1973/early 1974. [9]
The Labour Party under James Callaghan (1976–79) contested the 1979 general election as unemployment passed the 1,000,000 mark and trade unions became more aggressive. The Conservatives used a highly effective poster created by advertisers Saatchi & Saatchi , showing an unemployment queue snaking into the distance, carrying the caption ...
The second People's March for Jobs began in Glasgow on 23 April 1983. [5] On 5 June between 15,000 and 20,000 people attended a rally in Hyde Park, London, to mark the end of the march, addressed by Labour leader Michael Foot and the general secretary of the TUC, Len Murray.
The economic boom saw strong economic growth during the second half of the 1980s, sparking a sharp fall in unemployment, which was still in excess of 3 million at the end of 1986, but had fallen to 1.6 million (the lowest for some 10 years) by the end of 1989.
By the early 1980s, some 80% to 90% of school leavers in France and West Germany received vocational training, compared with only 40% in the United Kingdom. By the mid-1980s, over 80% of pupils in the United States and West Germany and over 90% in Japan continued in education until the age of eighteen, compared with barely 33% of British pupils ...
This is a list of recessions (and depressions) that have affected the economy of the United Kingdom and its predecessor states. In the United Kingdom a recession is generally defined as two successive quarters of negative economic growth, as measured by the seasonally adjusted quarter-on-quarter figures for real GDP. Name Dates Duration Real GDP reduction Causes Other data Great Slump c. 1430 ...
12 November – Unemployment has fallen to 2,700,000 (just under 10% of the workforce), the lowest level of unemployment recorded in Britain for over six years. 17 November The Government announces that the Poll tax (community charge) to fund local government will be introduced in England and Wales in April 1990.
Thatcher's modernisation of the economy was far from trouble-free; her battle with inflation, which in 1980 had risen to 21.9%, resulted in a substantial increase in unemployment from 5.3% in 1979 to over 10.4% by the start of 1982, peaking at nearly 11.9% in 1984 – a level not seen in Britain since the Great Depression. [73]