sep 1, 1976 - International Monetary Fund Bailout of £2.3 billion to UK
Description:
In 1976, the UK government had to turn to the International Monetary Fund (IMF) for a loan of £2.3 billion due to economic struggles and high inflation. The IMF imposed austerity measures, including cuts to public spending, which led to social unrest in the UK.Added to timeline:
Date:
sep 1, 1976
Now
~ 48 years ago