History

What were the achievements of Atlee's Labour government 1945-51?

Post War Economic Reconstruction

• US Loans-1945-3760 million and 1948 Marshal Aid-1263 million
• Devaluation of the pound= £2.80 to $4.03
• Low Inflation 5% 
• Post War Austerity-wage restraints and rationing
• Economic Growth of 2%
• Low interest rates to encourage investment
• Commitment to…