This podcast episode from "The Rest Is History" focuses on British politics in 1974, a year described as the worst in modern British political history. The hosts discuss Edward Heath's premiership, highlighting his rigid technocratic approach, his inability to manage the miners' strikes, and the devastating impact of the Yom Kippur War and subsequent oil crisis. Heath's handling of the economic crisis, including the three-day week, is analyzed, showcasing his inflexible style and ultimately unsuccessful attempts at consensus. The episode concludes by setting the stage for the February 1974 election, where the question of who truly governs Britain—the elected government or powerful unions—would be decided by the electorate. A specific example is Heath's introduction of "Stage 3" pay restrictions, which backfired spectacularly due to unforeseen inflation.
