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RR7650A UK BRITAIN'S ECONOMIC CRISIS

(17 Dec 1976) RR7650A UK BRITAIN'S ECONOMIC CRISIS For Britain, 1976 has been a year of severe economic crisis - one and a half million unemployed, domestic inflation at 14 per cent, galloping devaluation, stagnant industrial production and huge international loans to cover the balance of payments deficit. The Government's strategy for recovery depends on continuing support from the trade unions on wage restraint - support which might not be given if unemployment rises and social services are curtailed as a consequence of conditions imposed by the International Monetary Fund for granting Britain a new standby credit of 3.9 billion dollars. Film: Rev – Sound: Mag/SOF – Colour– Available in HD Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter:   / ap_archive   Facebook:   / aparchives   ​​ Instagram:   / apnews   You can license this story through AP Archive: http://www.aparchive.com/metadata/you...