The UK shed public wealth at 7.4% of national income per year from 1981 to 1996.
Gross public wealth fell from the highest in the G7 to the lowest, where it has stayed ever since.
The UK shed public wealth at 7.4% of national income per year from 1981 to 1996.
Gross public wealth fell from the highest in the G7 to the lowest, where it has stayed ever since.
Post-1980, the only advanced economies that experienced a faster and deeper decline in public wealth were those affected by the “shock therapy” of the post-Soviet transition.
Britain’s public wealth collapsed.
Post-1980, the only advanced economies that experienced a faster and deeper decline in public wealth were those affected by the “shock therapy” of the post-Soviet transition.
Britain’s public wealth collapsed.