sentences:  Over two million manufacturing jobs were ultimately lost in the recession of 1979–81.This labour-shedding helped firms deal with long-standing X-inefficiency from over-manning, enabling the British economy to catch up to the productivity levels of other advanced capitalist countries.The link between the money supply and inflation was proven accurate and by January 1982, the inflation rate had dropped back to 8.6% from earlier highs of 18%.