However, we mustn't forget that there were still economical issues that remained unsolved during this period, despite the influx ofapparent affluence. Although there was an increase of employment,; it was interrupted. Many people had short-term jobs, meaning their lives would not have improved significantly or permanently. The new Conservative government in 1951 reinitiated financial policies, as short-term interest rates increased. In spite of this, inflation was a recurrent problem and there were several sterling crises. Effectively, the Conservative government had let the boom persist without any sort of management as Macmillan hid the balance of payment issues and debt. This left many citizens feeling unsupported, despite the boom. As While industrial production increased by 40%, real wages only increased by 28%. This shows theThese underlying financial issues, which persisted in the fifties, . Thereforeshowing that, the Conservative reign period can be viewed as the 'thirteen wasted years' despite the economical boom. .
To what extent were weak foreign affairs a contributing factor as to why the Conservative dominance can be referred to as the 'thirteen wasted years'? .
Under the government of Anthony Eden, Britain became an international embarrassment. In 1956, Eden made a detrimental decision to launch military action against the new nationalist leader of Egypt along with France and Israel., whichThey failed to overthrow Nassar and secure control of the Suez , Canal and, subsequently, this ruined his Eden's political career. America, having warned Britain not to invade Egypt and refusing to offer support, Relations with America weakened as America uncovered Britain's financial issues and started a run on the pound; weakening Britain's relations with America further. Eden's actions over the Suez became under serious attack from Labour, and, even more importantly, split the Conservative party, leading to the resignation of.