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Whilst there has been quite a lot of research and speculation about the ability of the unions to adapt to the changed environmental circumstances of the 1980s, there has been no consideration of the impact of such changes on the financial status and performance of trade unions. It is suggested that, contrary to popular opinion, the unions have fared reasonably well during the period of membership decline, in part because they did not benefit very much during the growth phase of the 1970s. Increased membership will not necessarily solve financial problems.

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