Britain's cross-class alliance against earnings-related pensions in the 1950s

Research output: Chapter in Book/Report/Conference proceedingConference Contribution (Conference Proceeding)

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 paper 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.
Translated title of the contributionBritain's cross-class alliance against earnings-related pensions in the 1950s
Original languageEnglish
Title of host publicationAnnual conference of the Economic History Society, Warwick University, 3-5 April 2009
Publication statusPublished - 5 Apr 2009

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