Summary of Post-War Britain (1951)

Brief summary of Britain in 1951 (and onwards)

• Britain passed from an era of rationing and austerity to one of affluence and relative economic security.
• British gross domestic product grew by 2.4% per year, but this was seen as disappointing compared to other countries, for example Germany’s grew by 5%.
• British exports were becoming less competitive in price.
• Between 1952 and 1959 total consumer expenditure in the United Kingdom rose by just over…