Establishing NEDC

Keith Middlemas

Chapter 2 in Industry, Unions and Government, 1983, pp 21-42 from Palgrave Macmillan

Abstract: Abstract As befitted the status they each desired from NEDC, the parties chose their representatives carefully.1 The Observer, once suspicious of NEDC, commented: ‘The industrialist members are not the usual dreary representative figures but include some of the most impressive elements in British business who have been behind the planning movement from the beginning’. Selwyn Lloyd, having been dismissed by Macmillan as Chancellor in July 1962, was replaced by Maudling who, though at first unconvinced of NEDC’s merits, grew steadily into an advocate, after Britain’s EEC application had been turned down by de Gaulle. Both were competent chairmen, but, as one of the independent members said, ‘Lloyd didn’t understand Treasury papers but knew what he wanted to do; Reggie did understand, but didn’t know’. In a body which contained a distinguished and active membership, a certain lack of decisiveness on the part of the Chancellor was a welcome fault.

Keywords: Green Book; Resale Price Maintenance; Income Policy; Growth Target; Wage Inflation (search for similar items in EconPapers)
Date: 1983
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DOI: 10.1007/978-1-349-06785-5_2

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