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Although it declined during the Great Depression, it retained most of its members by offering unemployment benefit, and by 1939 established a new high of 23,000 members, this rising to 44,000 by the end of World War II and over 75,000 by 1968.
The committee was chaired by Sir George May, and its main conclusions were extensive public sector spending cuts, including a cut to the unemployment benefit, and increased taxation.