ELLI :130 MARGARET Thatcher chose New Year's Eve to try to revive flagging confidence in her policies. evidence, she pretended to see signs of economic recovery.
Britain has gone deeper into • ICCESSION than the bosses anticipated. But : is likely to until either working class is broken The resistance government out of office.
saw an increase official figures which now 2.25 million. nent rate shows no sig!
down.
Organisation of Economic Cooperatosenebevedo ment reported after close consuliation with groups., Steel Sheet, plained:
The tactics policies now being practised by BSC famillar, Michael Edwardes. accident that was on the British Leyland board transfer to BSC.!
December The truth of this remark Lianwern is shown by MacGregor's action latest ploy.
to all the the Treasury that 1981 is likely to see another million fell by 10 per cent in 1980, unknown since 1930 The my are worse: metal lamuracturns Dureul exams e fell by 19 per cent in the third quarter comthe preceding months. nree This situation has been ene are the Tories. Of course there extic last and over may appear they are those of pay It is no porate plan.
MacGregor 4,500 more his in 1,0%4 at 1,003 at modeller on tinplate is the background of the world recession; but in none the other advanced from the US has there an actual decline, merely a shortest on record' So different is the inter British exports have actually - despite the high pound which dramatically worsened com showed a surplus of f455m Drilall S balance over f2 billions in credit.
The decline in economic majo countries whole should have come to general the present recession will be much less severe than Edwardes' successful tac more at of balloting year, the whole BSC workforce in response the heads the unions on the six month own freeze and the cor- mends offers no redundancies South Wales, including action the : Velindre (Swansea) tinplate works, the Ebbw Vale works, and Major Private Producers shows no signs of bottomin out. DO Tie Bank of England: the "OECL estimate that things will at the earliest. The OECD further projects a decline in as onch again is in 1980 cent drop in manufacturing output The facts carol d slump threatens working class ts been sure weeny weakenet It is this background which is chorus of Thatcher critics.
Commons Тогу back bencher Edward Du Can completely undermined the credibility the ment's medium-term financial stategy.
This situation reflected in a serious decline in the bosses confidence. In her Year message natcher uncare use to n advantage Ene announce ment by the Industrial and Corporation that it had financ the giant Port Talbot plant:
MacGregor's action is to the ISTC's ballot which recom rejection of the plan and pay freeze, positive lead o The South Wales groups have already produced a special leaflet against the plan and are vigorously campaigning for outright rejection. four years, It had paid out 563011111c ..O: compete on level:
yland alone needs £1.5 Motor lans to invest 30 billion dollar ove the period!
In 1980 investment in manufacturing b 6 per cent as ms under•The Department of Industry capital i spending will be slashed by a furthe 13:10 2U ser Cei of the bosses will not be turned around b / optimistic cher: they are not at all con that the condition for producing a profit are has ground down But if 2,5 m unemployed nasn t acnieved Inis wha level of unemployment will do so? And how long will it tions that determine govern nichi: He not new to ge the economy moving again. And they will determine much more punish.
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MILLION TONNES Contrary
By mid 10, remind poken or popier cen will be
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