The Impact of NEDC

Richard Clarke and Alec Cairncross

Chapter 7 in Public Expenditure, Management and Control, 1978, pp 70-77 from Palgrave Macmillan

Abstract: Abstract A new and important dimension was introduced by the decision of the National Economic Development Council (‘Neddy’) on 6 February 1963 to approve the objective of a 4 per cent a year growth rate for the economy. This committed the Government up to the hilt, for the Chancellor was chairman and there were two other Cabinet Ministers there: indeed, only the Government could truthfully be said to be committed to any action by the decision, for the industrialists and trade unionists could not be regarded as delegates committing their organisations. The General Council of the TUC had specifically made this a condition for accepting Mr Selwyn Lloyd’s invitation to be represented. In their letter of 24 February 1962 to the Chancellor, they said: [In accepting the invitation] they wish to emphasise that they attach great importance to the right of the members of the NEDC to report to the organisations which they represent, and that they would not regard association with NEDC as debarring those organisations from expressing in public such reservations as they might hold about government decisions on economic policy. The members from the management side of private and nationalised industry were representing themselves, though many were closely associated with the original constituents of the present CBI.

Keywords: Trade Union; Public Expenditure; Cent Objective; Economic Planning; Income Policy (search for similar items in EconPapers)
Date: 1978
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-03738-4_7

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349037384

DOI: 10.1007/978-1-349-03738-4_7

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().