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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.
Blue Monday is the name given to a day in January (typically the third Monday of the month) said by a UK travel company, Sky Travel, to be the most depressing day of the year. The concept was first published in a 2005 press release from the company, which claimed to have calculated the date using an "equation".
This is a list of recessions (and depressions) that have affected the economy of the United Kingdom and its predecessor states. In the United Kingdom a recession is generally defined as two successive quarters of negative economic growth, as measured by the seasonally adjusted quarter-on-quarter figures for real GDP. Name Dates Duration Real GDP reduction Causes Other data Great Slump c. 1430 ...
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.
“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 ...
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.
As the Netflix drama revisits a sordid chapter in royal history at an awkward moment for the monarchy, the Windsors' allies are coming out against it.
Among the new conditions, more markedly evident in Britain, the forerunner of Europe's industrial states, were the long-term effects of the severe Long Depression of 1873–1896, which had followed fifteen years of great economic instability. Businesses in practically every industry suffered from lengthy periods of low – and falling ...