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Problems and Prospects for the UK Economy

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  • W. B. REDDAWAY

Abstract

Spokesmen for Ms Thatcher's government have repeatedly stated that the British economy was ‘the sick man of Europe’ in the years before 1979; a policy of demand management in pursuit of full employment had brought only temporary relief, whereas her government's firm policy aimed at a long‐term cure. This article considers how far this diagnosis was correct, what the new policies were, how the economy has fared in the light of these policies and the development of North Sea oil and why things turned out that way. It concludes with a brief assessment of future prospects.

Suggested Citation

  • W. B. Reddaway, 1983. "Problems and Prospects for the UK Economy," The Economic Record, The Economic Society of Australia, vol. 59(3), pages 220-231, September.
    • Handle: RePEc:bla:ecorec:v:59:y:1983:i:3:p:220-231
    DOI: 10.1111/j.1475-4932.1983.tb00811.x
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    References listed on IDEAS

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    1. Hopkin, Bryan & Miller, Marcus & Reddaway, Brian, 1982. "An Alternative Economic Strategy-A Message of Hope," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 6(1), pages 85-103, March.
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    Cited by:

    1. Alex Millmow, 2003. "W. Brian Reddaway‐Keynes' Emissary to Australia, 1913–2002," The Economic Record, The Economic Society of Australia, vol. 79(244), pages 136-138, March.

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