A look back to 1972, the last time tax cuts so big were brought in

At the time of Anthony Barber’s ‘dash for growth’ budget, a pint of milk cost 6p, Nilsson was top of the charts and Brian Clough was in his heyday at Derby County

The Institute for Fiscal Studies has said Kwasi Kwarteng’s announcement on Friday amounts to the biggest tax-cutting budget since Anthony Barber’s on the 21 March 1972, just over 50 years ago. Here is a roundup of some of the prices you would have been paying, and things you might have been watching and listening to at the time.

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