This concise and up-to-date introductory text on British economic policy and performance from 1945 to the present day offers a balanced assessment of the extent to which there was economic underperformance. It also explores whether the radical shiftin policy regime associated with the Conservative governments of 1979-97 remedied many long-standing problems. The author dispels many of the myths and misunderstandings about Britain's decline and the actions of governments, or management and/or workers.

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