Dockers struck for a pay rise of £11 per week (£109 at 2003 prices) on 15 July 1970 and around 47,000 dockers were involved nationally. The strike seriously cut imports and exports and cost the British economy between £50 and £100 million (£495 and 990 million at 2003 prices). The British Army were stood by to protect food supplies but most dockers agreed to handle perishable goods and the strike was largely peaceful. The dockers lost £4 million (£40 million at 2003 prices) in wages.
A court of inquiry was convened under Lord Pearson and proposed an average 7% increase in pay. Though this was at first rejected by the dockers, it was ultimately accepted on 30 July.