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> Which decade was the best for the UK economically?
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Best decade economically?
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vidcapper
post Jan 27 2020, 07:26 AM
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Paul Hyett
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I've started from the 1940's, as the was when Labour had their first majority gov't.

Obviously you may have to rely on your parents or even grandparents recollections somewhat...
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Harve
post Jan 27 2020, 09:28 PM
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1990s

Don't think we need to ask our grandparents. It's hard to overstate how badly the UK economy performed between 1940 and 1980 compared to Western Europe, South Korea, Japan, despite coming out of WW2 relatively unscathed.
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Holiflop
post Jan 27 2020, 09:30 PM
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Late 1990s up to the mid 2000s. That was when the economy was at its peak. The economy up until joining the EEC was in tatters and Thatcher's reign of terror did not help things. It wasn't until Labour got in that everyrhing really bloomed however. The Tories are unbelievably incompetent, as we've seen over the last ten years. That's what nepotism gets ya!
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vidcapper
post Jan 28 2020, 05:59 AM
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QUOTE(Forever European @ Jan 27 2020, 09:30 PM) *
Late 1990s up to the mid 2000s. That was when the economy was at its peak. The economy up until joining the EEC was in tatters and Thatcher's reign of terror did not help things. It wasn't until Labour got in that everyrhing really bloomed however. The Tories are unbelievably incompetent, as we've seen over the last ten years. That's what nepotism gets ya!


You do know what nepotism actually means? The Tories are *not* one family.
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Iz~
post Jan 28 2020, 06:26 AM
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okay okay let's teach Michael a new word: cronyism. There, the Tories engage in cronyism, done.

~

On topic:

1997-2007 is probably the best period of 10 years in that timeframe.
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vidcapper
post Jan 28 2020, 07:08 AM
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QUOTE(Iz~ @ Jan 28 2020, 06:26 AM) *
okay okay let's teach Michael a new word: cronyism. There, the Tories engage in cronyism, done.

~

On topic:

1997-2007 is probably the best period of 10 years in that timeframe.


I consider the neutering of the unions in the 1980's to have helped the economy too - IMO that's the *only* good thing that Thatcher did.
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J00psyMethyd
post Jan 28 2020, 12:01 PM
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QUOTE(vidcapper @ Jan 28 2020, 07:08 AM) *
I consider the neutering of the unions in the 1980's to have helped the economy too - IMO that's the *only* good thing that Thatcher did.


Why?
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Quarantilas
post Jan 28 2020, 12:10 PM
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*looks around at the heavily unionised economy around me* yeah I don’t think that was the problem.


I would firmly agree with Iz. The Labour administration of Blair up to the financial crash was the best period of economic growth in my life time for sure and arguably since WW2.
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vidcapper
post Jan 28 2020, 12:51 PM
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QUOTE(Jüpiter👑 @ Jan 28 2020, 12:01 PM) *
Why?


To clarify - Why do I consider it the only good thing she did, or why do I think neutering the unions was a good thing?
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mald487
post Jan 28 2020, 08:59 PM
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QUOTE(vidcapper @ Jan 28 2020, 12:51 PM) *
To clarify - Why do I consider it the only good thing she did, or why do I think neutering the unions was a good thing?


I'd like know why you think her treatment of the unions was a good thing?
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vidcapper
post Jan 29 2020, 06:12 AM
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QUOTE(mald487 @ Jan 28 2020, 08:59 PM) *
I'd like know why you think her treatment of the unions was a good thing?


Because they had been virtually holding the country to ransom in the 1970's - striking at the drop of a hat, demarcation disputes, Winter of Discontent etc.
Strikes were even known as the 'British Disease'. rolleyes.gif

These days France is having problems of a similar nature.
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Steve201
post Jan 30 2020, 12:26 AM
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I would pick the 1945-67 period when the post war effort meant the economy improved alongside Keynesianism which lead to much greater equality, full employment and higher wages.
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mald487
post Jan 30 2020, 11:10 AM
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QUOTE(vidcapper @ Jan 29 2020, 06:12 AM) *
Because they had been virtually holding the country to ransom in the 1970's - striking at the drop of a hat, demarcation disputes, Winter of Discontent etc.
Strikes were even known as the 'British Disease'. rolleyes.gif

These days France is having problems of a similar nature.


It's interesting to get different takes on the 70s. The older generations of my family are fairly split between relatively right and relatively left politically and I'm sure you can guess their opinions on Thatcher vary quite a lot. laugh.gif


This post has been edited by mald487: Jan 30 2020, 11:11 AM
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