The borrowing requirement was 'terrifying'. He just had to cut back public expenditure. The Social Contract wasn't working. Inflation was getting out of control. (Denis Healey)

The borrowing requirement was 'terrifying'. He just had to cut back public expenditure. The Social Contract wasn't working. Inflation was getting out of control.

Denis Healey

Related topics

borrowing contract control cut expenditure getting inflation public requirement social working

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