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Channel 4 News public broadcasting in the United Kingdom:
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Bumper Boxing Day for UK retail! Footfall jumped 4.4%, the strongest rise in a decade. The biggest surge was 5pm-11pm. Were shoppers bargain-hunting, or enjoying evening leisure in town centres?
#BoxingDay #UKRetail #SalesBoost #RetailCentres #BritishEconomy
UK Jobs Market Slows as Pay Rises Defy Hiring Slump
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#UKJobs #BritishEconomy #Wages #Unemployment #BankOfEngland #LabourMarket
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The UK economy grew by 0.7% in Q1 2025, its fastest pace in a year, driven by the services sector, surpassing expectations. However, economists warn of potential sustainability issues due to global trade tensions and rising costs.
#BritishEconomy #GDPGrowth #TradeUncertainty
Andy Davey @DaveyCartoons @Telegraph on #KeirStarmer #BritishEconomy - political cartoon gallery in London original-political-cartoon.com
Rachel from accounts has failed as the British economy is in the ‘worst slump since the financial crisis’
#Britisheconomy
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UK Households Face Widespread Bill Increases in April 2025, Adding £49 Monthly to Essential Costs haiku.ainewsbrew.com/article/3709
#CostOfLiving #UKBills #UtilityPrices #EnergyBills #WaterBills #CouncilTax #UKHousing #MoneyMatters #BritishEconomy #HouseholdCosts
Can’t wait to have my first £20 pint 🤑🤑 #britisheconomy
![**Will the US Become the Next UK?**
Historically, the United Kingdom has applied tariffs and other protectionist measures at various points to support and develop its manufacturing sector, though this strategy evolved over time.
1. **Early Protectionism and Industrial Promotion**: During the 14th century, Edward III banned woolen cloth imports to foster local manufacturing. Under Henry VII and later Tudor monarchs, policies such as increased export duties on raw wool, subsidies, and import restrictions were used to promote the domestic wool industry. A significant turning point came in 1721 under Robert Walpole, who implemented high tariffs on imported manufactured goods, export subsidies, and reduced tariffs on raw materials. These policies helped establish Britain as a global industrial leader during the Industrial Revolution. By 1820, tariffs on manufactured imports averaged 45-55%, supporting domestic industry development [2].
2. **Shift to Free Trade in the Mid-19th Century**: By the mid-19th century, Britain transitioned from protectionism to free trade. The repeal of the Corn Laws in 1846 marked a major shift toward liberalizing trade. While tariffs on many goods were abolished, Britain continued regulating strategic industries like machinery production to maintain its competitive edge [2][5].
3. **Post-War Protectionism and Import Controls**: Following World War II, the UK reintroduced some protective measures due to economic necessity and a commitment to planned economic strategies. Import quotas and licensing systems were used extensively in the late 1940s and early 1950s to protect domestic manufacturing from foreign competition. For example, by 1950, import duties accounted for 31.2% of total imports, and import controls protected up to 16.5% of British manufacturing output [1][3].](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:3epzqefaicyxkh2z3fywbmy5/bafkreihcxfawzyg6xtlcmohtvirnyywa3jhfoes373o7vlmco4ldc3lfsa)
**Will the US Become the Next UK?** Historically, the United Kingdom has applied tariffs and other protectionist measures at various points to support and develop its manufacturing sector, though this strategy evolved over time. 1. **Early Protectionism and Industrial Promotion**: During the 14th century, Edward III banned woolen cloth imports to foster local manufacturing. Under Henry VII and later Tudor monarchs, policies such as increased export duties on raw wool, subsidies, and import restrictions were used to promote the domestic wool industry. A significant turning point came in 1721 under Robert Walpole, who implemented high tariffs on imported manufactured goods, export subsidies, and reduced tariffs on raw materials. These policies helped establish Britain as a global industrial leader during the Industrial Revolution. By 1820, tariffs on manufactured imports averaged 45-55%, supporting domestic industry development [2]. 2. **Shift to Free Trade in the Mid-19th Century**: By the mid-19th century, Britain transitioned from protectionism to free trade. The repeal of the Corn Laws in 1846 marked a major shift toward liberalizing trade. While tariffs on many goods were abolished, Britain continued regulating strategic industries like machinery production to maintain its competitive edge [2][5]. 3. **Post-War Protectionism and Import Controls**: Following World War II, the UK reintroduced some protective measures due to economic necessity and a commitment to planned economic strategies. Import quotas and licensing systems were used extensively in the late 1940s and early 1950s to protect domestic manufacturing from foreign competition. For example, by 1950, import duties accounted for 31.2% of total imports, and import controls protected up to 16.5% of British manufacturing output [1][3].
![4. **Decline of Protectionism in Recent Decades**: From the 1970s onward, Britain moved away from protectionist policies as it embraced globalization and joined the European Economic Community (EEC). This shift exposed British manufacturers to greater competition but also led to specialization based on comparative advantage. However, this transition contributed to a decline in manufacturing's share of GDP relative to services [3].
In summary, while tariffs and protectionist measures were historically pivotal in fostering British manufacturing during its industrialization phase, these policies were largely abandoned in favor of free trade by the mid-19th century and further diminished in the late 20th century as part of broader economic liberalization efforts.
#UKManufacturingHistory #Protectionism #FreeTrade #IndustrialRevolution #EconomicPolicy #TradeHistory #BritishEconomy #Globalization #CornLaws #PostWarEconomy #EconomicLiberalization #ManufacturingSector #TradePolicy #HistoricalEconomics #UKTrade
Citations:
[1] https://www.thebritishacademy.ac.uk/documents/3338/The_British_Academy_Trade_Policy_History.pdf
[2] https://en.wikipedia.org/wiki/Tariff
[3] https://assets.publishing.service.gov.uk/media/5a7c8b07ed915d6969f459d1/ep2-government-policy-since-1945.pdf
[4] https://en.wikipedia.org/wiki/Tariff_in_United_States_history
[5] https://www.parliament.uk/about/living-heritage/transformingsociety/tradeindustry/importexport/overview/freetrade/
[6] https://history.state.gov/historicaldocuments/frus1950v01/d277
[7] https://www.mercatus.org/economic-insights/expert-commentary/history-lesson-uks-free-trade-aims
[8] https://www.nytimes.com/live/2025/02/01/us/trump-tariffs-news](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:3epzqefaicyxkh2z3fywbmy5/bafkreiek5h4tev6nzqboztfcr5w2zh4pzm5kbulcg7c5cwc2lqcxa2iho4)
4. **Decline of Protectionism in Recent Decades**: From the 1970s onward, Britain moved away from protectionist policies as it embraced globalization and joined the European Economic Community (EEC). This shift exposed British manufacturers to greater competition but also led to specialization based on comparative advantage. However, this transition contributed to a decline in manufacturing's share of GDP relative to services [3]. In summary, while tariffs and protectionist measures were historically pivotal in fostering British manufacturing during its industrialization phase, these policies were largely abandoned in favor of free trade by the mid-19th century and further diminished in the late 20th century as part of broader economic liberalization efforts. #UKManufacturingHistory #Protectionism #FreeTrade #IndustrialRevolution #EconomicPolicy #TradeHistory #BritishEconomy #Globalization #CornLaws #PostWarEconomy #EconomicLiberalization #ManufacturingSector #TradePolicy #HistoricalEconomics #UKTrade Citations: [1] https://www.thebritishacademy.ac.uk/documents/3338/The_British_Academy_Trade_Policy_History.pdf [2] https://en.wikipedia.org/wiki/Tariff [3] https://assets.publishing.service.gov.uk/media/5a7c8b07ed915d6969f459d1/ep2-government-policy-since-1945.pdf [4] https://en.wikipedia.org/wiki/Tariff_in_United_States_history [5] https://www.parliament.uk/about/living-heritage/transformingsociety/tradeindustry/importexport/overview/freetrade/ [6] https://history.state.gov/historicaldocuments/frus1950v01/d277 [7] https://www.mercatus.org/economic-insights/expert-commentary/history-lesson-uks-free-trade-aims [8] https://www.nytimes.com/live/2025/02/01/us/trump-tariffs-news
**Will the US Become the Next UK?**
#UKManufacturingHistory #Protectionism #FreeTrade #IndustrialRevolution #EconomicPolicy #TradeHistory #BritishEconomy #Globalization #CornLaws #PostWarEconomy #EconomicLiberalization #ManufacturingSector #TradePolicy #HistoricalEconomics #UKTrade
"The #Britisheconomy has been #underperforming for almost two decades, with #economicgrowth having declined significantly since the 2008 #financialcrisis".
And, maybe, #RachelReeves fears the banks and won't tell #BankofEngland to stop selling #bonds.
theconversation.com/calls-for-ra...
#ukeconomy
📊 Crisis data shows rising concerns over mismanagement and money laundering. Ending corruption is crucial for a sustainable growth economy.
#BritishEconomy #DefenceSpending #HomeAffairs #FarmingCrisis #EndCorruption
(2/2)🧵
Nigel Farage vs. Jaguar Land Rover: A Free Market Meltdown? 🚗💥 #JaguarLandRover #NigelFarage #FreeMarketFails #BritishEconomy youtu.be/3dasVMbSM9c?...
#MrBrexit will wreck the #AmericanEconomy as bad as his namesake wrecked the #BritishEconomy (if not worse) #MarketsAgainstTrump
