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Economy 1951-64 x (Balance of Payment issues and stop-go policies 2nd…
Economy 1951-64 x
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Post War Boom
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Accelerated birth rate after WW2 in 1961 51 million people in Great Britain , 5% more then 1951
Employment was good due to after war trade and by 1955 less than 1% of the workforce were unemployed
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Growth of service industry by 1960 5 mil were employed in this sector=1 in 5 of the population , similar to heavy industry
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Higher income per head than any other major countries - US. But the growth rate was not as good as other countries
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never agina hungry thirties or a terrible war, helped by the post-war concensus