665. Britain in the 70s: The Bailout from Hell (Part 4)
April 30, 2026
Description
How did the new British Prime Minister, Jim Callaghan, intend to keep Britain from bankruptcy in 1976? What extreme new step might have seen riots in the streets? And, would labour survive the...
Books Referenced
This House
Author: James Graham
Context:
Mentioned as a wonderful play about the knife-edge parliamentary votes in the late 1970s where Labour MPs were brought in on ambulances to vote.
The Future of Socialism
Author: Anthony Crosland
Context:
Described as the book that made Crosland the great intellectual of the Labour Party in the 1950s, arguing Britain should become a Scandinavian social democracy with American lifestyle.