The British Labour Government and the 1976 IMF Crisis

Front Matter....Pages i-x
Sovereignty, Regimes, and ‘Cooperation’....Pages 1-19
IMF Conditionality and the United Kingdom, 1944–70: ‘My Appeal was Essentially Based on Bogus Dignity’....Pages 20-47
New Directions for Labour, 1970–74: ‘We Must in the Future Alter the Priorities in Favour of Economic Growth’....Pages 48-61
Burden-Sharing and Loosened Conditionality, 1974–75: ‘The Nature of What Constitutes a Sustainable Balance of Payments has been Radically Changed’....Pages 62-78
Labour Economic Policy, March 1974–May 1975: ‘A Phoney Phase’....Pages 79-100
Labour Economic Policy, June 1975–March 1976: ‘We Knew we were Riding a Crisis’....Pages 101-120
Burden-Shifting and Tightened Conditionality, 1975–76: ‘The Practice of Financing the Status Quo is Coming to an End’....Pages 121-130
Currency Crisis and Restricted Policy Options, March–August 1976: Opening ‘Pandora’s Box’....Pages 131-157
Driven to the IMF, September–November 1976: ‘The Market’s Verdicts are Merciless and Effective’....Pages 158-192
Crisis Resolution, December 1976 — January 1977: ‘It is Mad but we have No Alternative’....Pages 193-227
Conclusion....Pages 228-233
Back Matter....Pages 234-272