looney
Banned
- Jul 7, 2003
- 15,652
As a percentage of GDP National Debt fell from 49.48% in 1973 to 43.61% in 1979. The private sector then as now was heavily subsidised by the public purse and Labour were alienating their core support then as now meaning that the unions were responding to cuts in real living standards.
how was the private sector subsidised? Do you mean crap nationalised industries?