Managing the British Economy in the 1960s: A Treasury Perspective

In Managing the British Economy in the 1960s Sir Alec Cairncross, who was Economic Adviser to HMG in 1961-64 and Head of the newly-created Government Economic Service in 1964-69, tells the inside story of the making of economic policy under four Chancellors of the Exchequer between 1960 and 1970, first under a Conservative government then under a Labour government. He describes how the Treasury dealt with a whole succession of crises and experimented with many new departures of policy over the decade: for example, the efforts to engage in long-term planning, form a workable incomes policy, make use of new taxes for new purposes and enter the European Community. In parallel with the 1990s, the story is dominated by the effort to avoid devaluation followed by the struggle to make it work and keep the pound from sliding further.

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List of Figures - List of Tables - Preface - PART 1 - Introduction - PART 2 - The First Cycle, 1957-61 - The July Measures and After: 1961-62 - The Maudling 'Dash for Growth' - PART 3 - A Change of Government: 1964 - A Strategy for the Pound? - The Exchange Crisis of 1965 - The Exchange Crisis of 1966 - The New Strategy: 1967 - The Countdown to Devaluation - PART 4 -From Devaluation to the Gold Rush - A Long Hard Slog: 1968 - Success at Last: 1969 -Monetary and Financial Policy in the 1960s - Economic Management in the 1960s: A Summing-Up - An Economic Anatomy of the 1960s - Calendar of Main Events: 1960-69 - Index