The 2008 financial crisis embodied a huge shock to the global economy. In Britain, growth collapsed, tax revenues declined and government borrowing costs skyrocketed. The crash brought a period of sustained and stable capitalist expansion to an abrupt halt. In its aftermath, a new ‘post-crisis conjuncture’ emerged. This book asks to what extent British capitalism came to be reconfigured during this period. This introductory chapter places the 2008 crisis in its historical context and anticipates the core arguments which are made throughout the rest of the book.
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