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During his term the economy suffered due to stagflation and industrial unrest. In 1972 he delivered a Budget which was designed to return the Conservative Party to power in an election expected in 1974 or 1975.
This inflationary Budget led to a period known as "The Barber Boom". The measures in the Budget were to come back to haunt the Government who were hit by high inflation and wage demands from Public Sector workers.
In late 1973 Arthur Scargill a high ranking Union official led the Coal Miners out on strike. This strike crippled the country and led Prime Minister Edward Heath to declare a state of emergency (the first since the end of World War II) and a three day week in the use of electricity.
In January 1974 Heath had had enough and called a General Election for February 28th 1974 asking "Who Rules"? The public decided it was not Heath and returned a minority Labour Government and Harold Wilson as Prime Minister.
Anthony Barber was made a Life Peer in 1975
| Preceded by: Iain MacleodIain Macleod ( 1913 1970) was a UK Conservative politician. He represented the parliamentary constituency of Enfield, West, and served as a minister in the Conservative Governments of the 1950s. As Minister for Health under Winston Churchill (after succee | Chancellor of the Exchequer 1970–1974 | Followed by: Denis HealeyDenis Winston Healey, Baron Healey PC (born 30 August 1917), is a British Labour politician, regarded by many as "the best Prime Minister we never had". He was born in Kent. His middle name of Winston was given to him in honour of Winston Churchill. Heale |
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