Communicator (communicator) wrote,
Communicator
communicator

1983 was a very big year

Michael Foot of course has died, as everyone knows. He was right about many things, and he was unappreciated. Here is the 1983 Labour Party manifesto, which was soundly defeated. The left never again had a national platform.

  • Establish a National Investment Bank to put new resources from private institutions and from the government - including North Sea oil revenues - on a large scale into our industrial priorities. The bank will attract and channel savings, by agreement, in a way that guarantees these savings and improves the quality of investment in the UK.

  • Exercise, through the Bank of England, much closer direct control over bank lending. Agreed development plans will be concluded with the banks and other financial institutions.

  • Create a public bank operating through post offices, by merging the National Girobank, National Savings Bank and the Paymaster General's Office.

  • Set up a Securities Commission to regulate the institutions and markets of the City, including Lloyds, within a clear statutory framework.

  • Introduce a new Pension Schemes Act to strengthen members' rights in occupational pension schemes, clarify the role of trustees, and give members a right to equal representation, through their trade unions, on controlling bodies of the schemes.

  • Set up a tripartite investment monitoring agency to advise trustees and encourage improvements in investment practices and strategies.


Madness eh?

(ETA - also read the section 'a better deal for women' - these proposals were hated)
Subscribe
  • Post a new comment

    Error

    Comments allowed for friends only

    Anonymous comments are disabled in this journal

    default userpic
  • 9 comments