03642nam a22005057a 4500 20950339 20230801091744.0 230801b |||||||| |||| 00| 0 eng d 2019941466 GBB9I8496 bnb 019615894 Uk 0199552789 9780199552788 9780199552771 (paperback) 0199552770 (paperback) (OCoLC)on1101255346 YDX eng KMU rda KMU lccopycat HC 256 .C465 Chick, Martin, 1958- author. Changing times : economics, policies, and resource allocation in Britain since 1951 / Martin Chick. First edition. Oxford : Oxford University Press, 2020. ©2020 xiii, 440 pages ; 24 cm. text txt rdacontent unmediated n rdamedia volume nc rdacarrier Economic and social history of Britain Includes bibliographical references and index. "This is a study of how, and why, the British economy has changed since 1951. It covers the Golden Age of 1945-1973 when unemployment was below one million; when governments built millions of council houses and flats; when electricity, telephones, and gas were supplied by nationalised monopolies; when income and wealth inequality were narrowing; and when the UK was not a member of the European Economic Community. Moving through the inflation, rising unemployment, and rapid contraction of the manufacturing industry from the mid- 1970s, Changing Times examines the transfer of assets which was effected in the privatisation of public housing and nationalised industries from the early 1980s. The role of the State changed as public investment fell. The financing of old-age care, of state pensions, and of the National Health Service became of increasing concern and were less politically amenable to the approach of using private finance (the Private Finance Initiative and tuition fees) to fund former public obligations. Changes were made to the system of taxation, but public expenditure changed little as a share of national income, although the government now built little. Difficulties emerged in ensuring adequate housing for a growing population, and uncertainty grew as to where future investment in necessities like electricity supply would come from. Having narrowed in the Golden Age, inequality of income and wealth widened. Environmental concerns also grew, from the local smogs of the 1950s, through the concern with acid rain from the 1960s, to the current global concern with climate change. The financial crash of 2008 and the decision to "Brexit" in the referendum of 2016 reduced economic growth and highlighted the extent of economic change since 1951. This is a study of that change." -- Provided by publisher. 1900-2099 fast Economic history. fast (OCoLC)fst00901974 Wirtschaftsentwicklung gnd Wirtschaftspolitik gnd Great Britain Economic conditions 20th century. Great Britain Economic conditions 21st century. Great Britain. fast (OCoLC)fst01204623 Grossbritannien gnd Economic and social history of Britain. 7 cbc copycat 2 ncip 20 y-gencatlg lcc BK 0 512 512 0 0 lcc 0 0 NFIC CPL CPL OA 2023-08-01 Book International Aid 1 HC 256 Chi 300318 2024-06-10 00:00:00 2024-05-28 2023-08-01 BK