Throwback Thursday: Strikes impact Post
Insurance Post’s Throwback Thursday steps back in time to April 1980 to remind you what was going on this week in insurance history when our publication was lighter than usual on news due to the printing industry going on strike.
24 April 1980: Strikes could be prolonged
The Lloyds Bank Review warned there could be more and longer strikes if a strike insurance scheme for employers went ahead.
Two academics analysed the implications of an insurance scheme proposed by the Confederation of British Industry and assessed its possible impact on wage bargaining.
The pair, Brian Chiplin and Neil Doherty, concluded the most practical form of an insurance fund would be one which could restrict its liability to the premiums collected and to individual employers by requiring them to cover smaller and medium-sized losses for themselves.
Post reported this news in a slimmer weekly edition of the publication than normal – ironically due to the fact “industrial problems existing in the printing industry” meant it proved impossible to publish a “normal issue”.
Back in 1980, the cost of an annual subscription to Post was £26 a year.
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