[110] The Labour governments of the 1970s did, however, manage to protect the living standards of many people from the worst effects of the recession and high inflation, with pensions increasing by 20% in real terms between 1974 and 1979, while measures such as rent and price controls and food and transport subsidies mitigated the adverse impact on the living standards of many more people
Muth, Oliver Zeitz, Peter F
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