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Conservaties
In 1970, Edward Heath was elected as Prime Minister of the U.K. He decided  to point out the economic difficulties of the country. He also appoint a governmement composed with people from the Conservative Party. E.Heath makes the United Kingdom enter in the European Economic Community.

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Labour
In 1964, Harold Wilson became Prime Minister in the U.K. the unemployement had regressed and the economy was stable. He was then re-elected in 1974, but during this period the U.K. was facing an economic crisis so he decided to quit.

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Labour
Then as a replacement for H.Wilson, James Callaghan was elected. Despite the hight unemployement the inflation had stopped, but during the winter of 1978/1979 the U.K. had suffered many strikes

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 The peak of inflation was reached in 1975, ie 25% per year. The price goes up and people can no longer buy all the daily necessities. The unemployment rate is increasing among young people. In 1973 there was a big international oil crisis. The price of inflation reached double digits in 1976

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Conservaties
Margaret Thatcher was the first female Prime Minister in U.K. She was elected in 1979. She decided to put up the economy back up by introducing new reforms such as, tax reduction and inflation control. But with these new reforms came a higher unemployement rate. To take care of this M.Thatcher decided to increase the tax rate but with this came inequalities in the economy.

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Counter-culture 1

Punk is the new counterculture movement in the 1970s. Punk became very popular in the mid 1970s.
The Punks are often referred to as rebels because of there ideologies
The punk movement is centred on punk rock music and takes part in different ideologies such as non-authoritarian and non-corporatism.

The punk fashion is mostly a do-it-yourself ethic were people would wear clothes that come from common day use, like a kilts or skirts, T-shirts, leather jackets (often decorated with painted band logos, pins and buttons, and metal studs or spikes) and ripped clothing witch became a sign of rebel among the fashion community. The punk fashion is referred to as very offensive. A classic Punk characteristic is the Mohawk hair cut (spike along the centre of the head.) with bright colours.
https://www.youtube.com/watch?v=sndfmuP8AqM

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Couter-culture 2

Punks are anti-racist and say that they appreciate reggae music, and refer to it as there root.
At the beginning Punk music (also known as punk rock) was mostly performed in garages and pubs. https://www.youtube.com/watch?v=_cfLtKL3eVY
Two dance styles associated with punk are pogo dancing (jumping up and down) https://www.youtube.com/watch?v=nLKvViL8y_E and moshing
(slamming / bumping into each other (very violent).
https://www.youtube.com/watch?v=0HbFrM4Lm18
Punks were part of every social class witch meant that the punk counterculture could be encouraged and seen by everyone

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 The winter of Discontent is the winter period of 1979 during which the country saw the most strikes and also an incredible disorder. The Labor government of James Callaghan had to face it painfully even as its political line was to represent the unions in parliament. 

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The country is heavily in debt. The workers in industries are very strongly affected by the economic recession of the country as well as the manufacturing collapses.

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The 1970s in the United Kingdom are often described as a period of social crisis which sealed the end of the post-war consensus and favored the coming to power of Margaret Thatcher in 1979. 

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The british economy is in deep recession.