Great Britain: The Problems of Redeployment

Harold Wilson calls it redeployment of the labor force. Most Britons refer to it as redundancy. Whatever its euphemism, Wilson's tough plan to force British industries to modernize or die is beginning to be felt. The Labor Ministry announced last week that unemployment had risen 28.5%—to 437,229—since the middle of September.

Since unemployment is practically nonexistent in Britain, the rise was hardly catastrophic: less than 2% of the labor force is out of work. But it seemed to bear out the predictions of Wilson's most pessimistic critics that his deflation measures would lead to a major recession in which as many...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!