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Economic decline of Britain
- From 1945, Britain experienced an economic decline accentuated by the conclusion of World War II. The United Kingdom’s economic growth had been weakening since the 1870’s, but the financial cost of maintaining Britain’s resistance against Hitler’s Germany amounted, according to one estimate, to a quarter of Britain’s national wealth.
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Economic decline
- Britain had a vast amount of labor tied up. Despite being part of the allies in the course of nearly six years of military conflict, Britain had gone from being the ‘world’s greatest creditor’ to being the ‘world’s greatest debtor’.
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Cold War
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Economic decline
- When the United States canceled its lend-lease program in 1945, Great Britain was forced to request an American loan.
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politics of Britain since 1945
When Britain emerged victorious from World War II, the Labour Party under Clement Attlee came to power and created a comprehensive welfare state, with the establishment of the National Health Service, entitling free healthcare to all British citizens and other reforms included the introduction of old-age pensions, free education at all levels, sickness benefits and unemployment benefits, most of which was covered by the newly introduced national insurance, paid by all workers. -
korean war
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politics of Britain (Winston Churchill)
Winston Churchill again became Prime Minister. His third government — after the wartime national government and the short caretaker government of 1945 — would last until his resignation in 1955. During this period he renewed what he called the "special relationship" between Britain and the United States, and engaged himself in the formation of the post-war order. -
politics of Britain (Margaret Thatcher)
Thatcher formed a government on 4 May 1979, with a mandate to reverse the UK's economic decline and to reduce the role of the state in the economy. Thatcher was incensed by one contemporary view within the Civil Service that its job was to manage the UK's decline from the days of Empire, and wanted the country to punch above its weight in international affairs. -
map of Britain
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recent economic growth and decline of Britain
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current economic state of Britain
since 2013, the UK's economy continued to grow, showing growth beating most developed economies helped by the rebound in the housing market and strong growth in both manufacturing and services industries. unemployment dropped to 6.8% (the lowest level since 2009) with impressive growth in employment leading to an all-time high of 30.4 million. -
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current political state of Britain
A Conservative Party leadership election occurred following Cameron's announcement of his resignation. All candidates except Theresa May had withdrawn from the race by 11 July 2016, so May automatically became the new Leader of the Conservative Party, to become Prime Minister on 13 July.
