The British disease
The British disease was a derogatory term given to the United Kingdom and its economic stagnation in the 1970s[1], also described as the sick man of Europe. The term relates to a lack of social vitality of the UK during industrial disputes in the 1970s.[2] Causes of the British disease included high taxation rates of up to 83% income tax.
A lack of productivity of the UK economy was one factor behind Margaret Thatcher's economic reforms.[3][4]
See also
References
- ↑ Access to History: Britain 1951-2007 Second Edition
- ↑ "The British disease revisited". The Economist. Retrieved 2018-01-24.
- ↑ Donlan, Thomas G. "The British Disease and Its Cure". Retrieved 2018-01-24.
- ↑ "Enemies within: Thatcher and the unions". 2004-03-05. Retrieved 2018-01-24.
External links
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