Long-term Operations: 1955–59
The first of these, which failed to establish itself, was a five-year forward survey of the Exchequer cost of the social services (housing, education, health, national insurance, child care). It was begun in the last year of Mr Butler’s Chancellorship, in mid-1955, and presented to Ministers early in December, just before Mr Butler was succeeded by Mr Macmillan. By our later standards, it was not a very sophisticated survey.1 But it showed without any doubt that even on departments’ expectations on the basis of their policy of the time, before the great expansions of the late 1950s had got under way, the cost would expand much faster than any expansion that could possibly be expected in the gross national product.
KeywordsForeign Policy Public Expenditure Private Investment Capital Expenditure Uncharted Territory
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