Churchill 1951-55

• Ended rationing

• Tories committed to building 300,000 new houses per year

• Maintained many of Atlee's social and welfare policies (e.g. NHS) -> CONSENSUS

• Increase in individual liberalism and freedom by limitiing the role of the government

Steel industry privatised

General uplift in the economy was due to the Marshal Plan 1948 (intorduced under Labour)

Korean war cost the economy a lot

Cost of British goods in export market was dropping BUT Britain remained heavily in debt

Keynesianism continued (i.e. spending money to stimulate the economy)

The country still suffered from post-war debt

Continued military spending

Butler ran the country on a day-to-day basis due to the poor health of Churhill (including a heart attack that removed him from office for months)

Butskellism - the idea that the left of Labour (under Gaitskell) and the right of the Tories (under Butler) shared many of the same policies and ideas

Both favoured a ‘mixed economy’, a strong welfare state, and Keynesian demand management designed to ensure full employment.

Korean War ended in 1953

Britain tested its first atomic bomb in 1952

Churchill visited the US 3 times to improve the relationship between the US and the UK