By Roderick Floud, Paul Johnson
The Cambridge fiscal background of contemporary Britain is a complete account of the commercial historical past of england for the reason that 1700, in line with the main up to date study. Roderick Floud and Paul Johnson have assembled famous overseas students to provide a collection of volumes which function a textbook for undergraduate scholars in addition to an authoritative reference consultant to the topic.
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Extra resources for The Cambridge Economic History of Modern Britain, Volume 3: Structural Change and Growth, 1939–2000
The coupon scheme covered most basic foodstuffs and gave every consumer a minimum ﬁxed weekly quantity of the foods covered. The points scheme was more ﬂexible in that coupon points could be ‘spent’ at the preference of the consumer on a limited number of goods (Booth 1985). Of the exceptions to rationing the most important were bread, potatoes, ﬁsh and fresh vegetables, whose prices were strictly controlled, and tobacco and alcohol, whose exemption helped to boost morale and provided the Treasury with a lucrative source of revenue.
Cambridge Histories Online © Cambridge University Press, 2008 18 Peter Howlett Labour as a constraint Those at the centre of policy making in Britain in the Second World War believed that manpower was the ultimate constraint on the performance of the war-time economy. Indeed, from the end of 1942 onwards, when it seemed that the limits of labour mobilisation were being reached, the most important planning tool was the manpower budget (Robinson 1951: 48–55). The ﬁrst manpower budget of the war, produced at the end of 1940, was a comprehensive survey but it did not tackle the central problem of the allocation of manpower to the production programmes of different government departments.
UK GROWTH PERFORMANCE The UK has been in relative economic decline since the latter part of the nineteenth century. Since the 1970s, the UK growth rate has been consistently less than that achieved by the other major capitalist countries. The norm has been for the UK growth rate to be approximately two-thirds of that achieved by the other industrialised economies and only during 3 The United Nations measures the HDI by combining life expectancy, educational attainment (adult literacy and combined primary, secondary and tertiary enrolment) and adjusted income per capita in purchasing power parity (PPP) US dollars.