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…
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