Ever since the early 1960s, successive governments had tried to create a high investment, high innovation economy in which the quid pro quo was an acceptance by a strong trade union movement of wage restraint via incomes policies.
Healey believed passionately in this model – it is what happens in Scandinavia and Germany.
I think you\’ll find that such \”wage restraint\” comes from voluntary agreements by the workers and the unions, not by dictat from Whitehall. Quite a difference there really, no?
And does anyone at all think that such a model is viable with Bob Crow and Mark Serwotka running major British unions?