ABSTRACT
The 1960s witnessed the last ten of Britain’s so-called ‘golden years’ of strong economic growth (at 3 per cent per annum). From 1973, there was considerable change, and this is usually presented by economic historians as a significant crisis. Though this interpretation has been challenged recently, on the basis that what happened in that decade was a short-lived crisis that deviated from long-run trends, this section focuses on the crisis and explanations of its cause. 1
