Life In Britain In 1982 The Last Time Inflation Hit His Today's inflation figure was last topped in march 1982, when it reached 9.1 per cent. the then pm margaret thatcher attempted to curb level by hiking interest rates and reducing public spending. Inflation levels may have been similar, but the uk was a very different place in march 1982 – the last time the cost of living was estimated to be rising as fast as it now. the unemployment rate.
Life In Britain In 1982 The Last Time Inflation Hit His Inflation hits 40 year high: what was life like in britain the last time things were so dire in 1982. margaret thatcher was pm, unemployment at its worst since the 1930s, the falklands war broke. It is the biggest jump in the cost of living since february 1982, when cpi reached 10.4%, according to estimates. here is what was happening in the country in 1982: – economy. the unemployment. The average cost of a home in 1982 was around £23,000 just over threes time the average salary of around £7,000. nowadays, the average house price is £286,397, more than 10 times the average. This meant the value of money increased. the 1920s and 30s, were generally a period of low growth and high unemployment. inflation of the 1970s. the highest peace time inflation occurred in the 1970s, when inflation rose due to wage push and oil push inflation. see: economy of the 1970s. cost push inflation of 2008 12 and 2022.
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