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"In 1970, the self-made builder's son Edward Heath came to power promising a 'quiet revolution' that would turn around the fortunes of Great Britain plc.
Sailor Ted, however, soon ran aground, his ship scuppered by the lethal combination of an energy crisis, a financial crash and a second miners' strike in two years.
And though Labour's Harold Wilson got the country back to work, it came at the price of inflation at almost 30% and a humiliating bailout from the IMF.
Perhaps fittingly, the decade ended with another prime minister being humiliated by the unions in the Winter of Discontent, though this time the victim was the veteran Labour bruiser Jim Callaghan.