Echoes of dire 1970s in today's Britain

FILE PHOTO: Candidates Rishi Sunak and Liz Truss take part in the BBC Conservative party leadership debate at Victoria Hall in Hanley, Stoke-on-Trent, Britain, July 25, 2022. Jacob King/Pool via REUTERS/File Photo

LONDON (Reuters) - Plans for a high-wage, high-growth economy lie in ruins as Britain's Conservative prime minister struggles to answer a cost-of-living crisis, compounded by rising worker unrest.

It is December 1973 and the finance minister has privately warned the cabinet of Edward Heath that the country faces its gravest economic crisis since World War Two, according to classified records that are now publicly available.