After Brexit: The Past and Future of the Anglo-Liberal Model
The substantial convergence between British and European capitalisms in the last four decades has been put in question by the vote for Brexit in the 2016 Referendum. This chapter examines the historical contexts which shaped the UK economy and its particular model of Anglo-liberal capitalism, the debates on different models of capitalism and why membership of the EEC was attractive to the UK in the 1960s. The trajectories of the development of the UK political economy from 1942 to 2017 are then outlined, and the major shift in direction under Thatcher and Blair. The chapter concludes with an analysis of the tension between United States and European models of capitalism, the impact of Brexit and the different ways in which the UK might now develop.
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