The Prices and Incomes Accord was agreed on by the prime minister who was the leader of the Labor Party when?
Prices and Incomes Accord The Prices and Incomes Accord was an agreement between the Australian Council of Trade Unions and the Australian Labor Party government of Prime Minister Bob Hawke and Treasurer (later Prime Minister) Paul Keating in 1983. Employers were not party to the Accord. Unions agreed to restrict wage demands and the government pledged to minimise inflation. The government was also to act on the social wage. At its broadest this concept included increased spending on education as well as welfare.
Australian Labor Party split of 1931 The Australian Labor Party split of 1931 was caused by severe divisions within the Australian Labor Party over their economic response to the Great Depression in Australia. Amidst intense disagreement between economically conservative and radical elements of the party, two senior ministers in the Scullin Labor government, Joseph Lyons and James Fenton, resigned from Cabinet in January 1931. Lyons, Fenton and their supporters would subsequently merge with the conservative opposition Nationalist Party of Australia to form the new United Australia Party, led by Lyons with the last Nationalist leader, John Latham, as his deputy.