Callaghan, James (ON HOLD)

“Sunny Jim”, British Labour PM 1976-79

Price: $30.00

Description:
(1912-2005) Labor PM 1976-1979, only person to have served as Prime Minister, Chancellor of the Exchequer, Home Secretary and Foreign Secretary. Chancellor of the Exchequer 1964-67 during turbulent period in British economy with balance of payments deficit and speculative attacks on pound sterling. In Nov. 1967, Government was forced to devalue the pound and Callaghan swap his ministerial post with Roy Jenkins, becoming Home Secretary 1967-70. In that capacity, Callaghan deployed British Army to Northern Ireland, after a request from the Northern Ireland Government. Labor lost 1970 general election, but Callaghan returned to office as Foreign Secretary March 1974, taking responsibility for renegotiating terms of Britain's membership in European Economic Community (the Common Market), and supporting 1975 referendum for UK to remain in the EEC. When Harold Wilson resigned in 1976, Callaghan elected the new Labor leader. His one term as PM was difficult as Labor did not hold majority in the House of Commons, forcing Callaghan to deal with the Liberal Party and Ulster Unionists. Industrial disputes, large strikes and high unemployment in the 1978-79 "Winter of Discontent" made his government unpopular and defeat of referendum on devolution for Scotland led to passage of Motion of No Confidence 28 March 1979, followed by Margaret Thatcher's Conservative Party win in ensuing general election. Elevated to House of Lords as Baron Callaghan of Cardiff 1987. 7 x 4 ¾ SP, undated.

Condition: Very good
Type:Photograph






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