It is known that the UK must adopt a strong monetary policy in order to maintain the circulation of the pound, which will help imports but not export. However, strong monetary policy is still a stumbling block to the development of British industry.
Especially coal workers and steel workers, these two industries with low profits have already become a burden under the pound's strong monetary policy.
This is very difficult to deal with. The constant printing of money and the race against inflation will put pressure on the pound, but the unions don't care about this and still want to raise wages. Maybe in their view, the status of the pound can be overdrawn indefinitely.
It was really okay before World War II, but now the pound has lost its status as the first settlement currency for 20 years.
Although the Bretton Woods system had already established the status of the US dollar, due to its pre-war status, the pound was not officially separated from the US dollar until the late 1950s after World War II.
In the eyes of Alan Wilson, the trade unions demanding a raise in wages at this time had become unruly people who did not understand the difficulties faced by the court. Sometimes I think about it, and Mrs. Thatcher's ideas cannot be said to be all wrong.
Before Alan Wilson returned to London, Prime Minister Callaghan had just met with union leaders. Frank, the permanent secretary of the Treasury, informed Alan Wilson of the matter, "Actually, Armstrong is more suitable to tell you about this, but?
, the relationship between your Cabinet Office is more complicated and not as clear as the Ministry of Finance.”
"You mean that Armstrong hopes to cooperate with the Prime Minister* and take my place?" Alan Wilson asked with a smile, "No, our relationship is pretty good."
"Sir Edward and Sir Norman also had a very good relationship at the time." Frank smiled slightly, "I'm not saying he was ambitious, but he was too active in the union's request for a salary increase."
"Those lazy workers don't understand the country's difficulties at all. If they continue to make trouble like this, their good days will be over." Alan Wilson said with a cold face, lashing out at the workers' lazy and undisguised greed.
.
Why are you not satisfied at all? You don’t even look at how much profit the industry you are engaged in can generate.
But here's the thing, Alan Wilson knew that the inflation rate of nearly 10% was nothing compared to the inflation rate of nearly 30% in the UK that he remembered. But he knew that the rest of the British people didn't know.
, will only attribute the unprecedented inflation to the government, without even a little bit of gratitude.
"Citizens will not compare with European countries, but they will compare with American citizens. The inflation in the United States is less than 8%." Frank shrugged helplessly. He was not going against the supreme authority, that was the fact.
"Inflation in the United States is only one percent lower than that in the United Kingdom. How much better is this?" Alan Wilson was furious. "The United States still has more than nine million natives, so why not compare here? No matter what,
, Whitehall still needs to be clear about the problem in this matter. Wage increases are not solving the problem but creating it. The union's demands are too excessive, and they should not think that the government will make endless concessions."
The Labor Party's long-term power after the war was due to the personal abilities of Attlee and Harold Wilson. It did not mean that the Labor Party was really stronger than the Conservative Party. The resounding victories like Attlee's first two terms in recent elections have been
It’s gone, and the Labor Party’s ruling position is far from as stable as it was before…
"It depends on what the Prime Minister thinks about this matter." Frank said helplessly, "Why don't you talk to the Prime Minister? I hope the Prime Minister can understand."
"When it comes to support rates, even if you understand it in your heart, you may not dare to do anything about it." Alan Wilson said to himself that it can't be that simple. The trade union is the main supporter of the Labor Party.
As long as a country with an electoral system has nothing to do with votes, there is nothing to say. But can raising wages save the Labor Party's support and continue to be in power?
In fact, Callaghan always compromises with the unions. The fundamental reason is to win re-election, but the Labor Party cannot make money out of thin air. Keynesianism has been increasingly questioned in recent years. Inflation in European and American countries remains high, and the Labor Party's profit concessions
There is not much space anymore.
Once tolerance for inflation exceeds a critical point, union support cannot save the Labor Party.
Out of Whitehall's responsibilities, Alan Wilson still came to have such a talk with the Prime Minister. After listening, Callaghan said, "Sir, this matter is not that simple. The problem is not just coal workers and steel workers. Workers are
A collective, the workers of Land Rover and the workers of Comet are also workers. Although Sir’s words are very reasonable, what if there is a strike in Ms. Pamela’s industry?”
"I won't give in, I mean Pamela won't give in." Alan Wilson looked ugly. This may be true, but he managed to leave part of the high-end industry in the UK. Is this even possible?
Became a mistake?
Well, let’s put this issue aside for now. His trip to Washington this time showed that Britain, the United States and France should respond to the coup in Afghanistan and hold military exercises in the Arabian Sea as support for Pakistan. To show the unparalleled power of the free world,
Support Pakistan.
"I will push for this." Callahan nodded. The Prime Minister believed that he had won the battle over the salary increase this time.
Callahan immediately took action and began to lead the navies of the United Kingdom, the United States, and France to conduct exercises. Although the French navy was only of this size, it involved major issues of right and wrong. Even if the French navy was indeed useless, it would still step in this time. The United States
It's the same idea.
The two countries understand each other with reason and emotion. Explain to France the seriousness of the current situation. The Soviet puppet government in Afghanistan is likely to take risky actions. The free world should unite closely.
Alan Wilson passed the time with a book and relaxed at Xia Meng's place. Xia Meng was about to go to Xiangjiang to be a judge. He came to accompany him to show his attention, but the Romance of the Three Kingdoms in his hand showed that the Secretary-General of the Cabinet had no regard for the current situation.
He was very dissatisfied with the situation and stared at the passage about Sima Zhao's regicide. He always felt that Callahan's mention of Land Rover workers was threatening him in a sense.
"Master Zhongtang, what's going on recently?" Xia Meng said the man's self-proclaimed name. He didn't know why Alan Wilson was in a bad mood, so he could only find something to say to make this man who was conceited about his talent as prime minister laugh.
"It's useless to tell you. When you get to Xiangjiang, expand your network and your good days will come." Alan Wilson put down the Romance of the Three Kingdoms and began to follow the instructions, "There are big problems in Europe and the United States now, but your motherland is still a mess.
Blue Ocean, take what you see and hear here and find experiences you can learn from. I believe you and your children will have a bright future.”…