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The Great Depression of 1929–32 broke out at a time when the United Kingdom was still far from having recovered from the effects of the First World War. Economist Lee Ohanian showed that economic output fell by 25% between 1918 and 1921 and did not recover until the end of the Great Depression, [3] arguing that the United Kingdom suffered a 20-year great depression beginning in 1918.
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Figures are for Great Britain until 2001–02 and for the whole of the British (i.e. including Northern Ireland) from 2002–03 onwards. The relative poverty line is defined as 60% of median income in 2010–11. Rates of poverty fell just before the turn of the century and continued to do so until 2004–05.
Britannia Unchained: Global Lessons for Growth and Prosperity is a political book written by several British Conservative Party MPs and released on 13 September 2012. Its authors present a treatise focusing on the economy of the United Kingdom, arguing that Britain should adopt a different and radical approach to business and economics or risk "an inevitable slide into mediocrity".
GameStop has 4,573 retail stores around the world. Despite that size, the company only spent $62 million for all of 2021 on capital expenditures (think money spent on new fixtures, lights, rugs ...
The UK government went all out to prop up the economy through the Covid pandemic and the initial phase of Russia’s war in Ukraine. Now, the bill is starting to bite.
In 2010 over 40% of benefit claimants in Britain had "mental and behavioural disorders" recorded as their primary health condition. [157] A 2015 report published by Psychologists for Social Change indicated that austerity had contributed significantly to the incidence and level of depression and other mental health conditions within the population.
“The problems are so big, the public are so volatile,” Menon says, noting that even with a potentially historic victory, Labour’s support will likely be very shallow. “The whole thing is ...