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- Title
The failure of 'nationalization by attraction': Britain's cross-class alliance against earnings-related pensions in the 1950s.
- Authors
Pemberton, Hugh
- Abstract
In 1957, the Labour Party published radical proposals for a state earnings-related pension scheme ('national superannuation') whose funds were to be invested in stock markets to generate high returns, and to help modernize and dynamize the British economy. This article explores a sophisticated campaign against the proposal by the insurance industry, and the resistance of the unions. In doing so, it considers the implications of this cross-class alliance, not least in terms of a possible missed opportunity to build a 'developmental state' in the UK, but also in terms of the country's increasingly inadequate and inequitable system of pension provision.
- Subjects
UNITED Kingdom; BRITISH politics &; government, 1945-1964; PENSIONS; GOVERNMENT policy; INSURANCE associations; LABOUR Party (Great Britain) -- History -- 20th century; LABOR unions; INSURANCE companies; BRITISH economic policy -- 1945-1964; POLITICAL participation
- Publication
Economic History Review, 2012, Vol 65, Issue 4, p1428
- ISSN
0013-0117
- Publication type
Article
- DOI
10.1111/j.1468-0289.2011.00634.x