How has the structure of the UK economy changed in the post-war period? Does it matter that the UK n
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How has the structure of the UK economy changed in the post-war period? Does it matter that the UK n Since the end of the Second World War, the structure of the UK economy has undergone a radical transformation. One might say that change was especially noticeable during the Atlee Government of 1945-51, which saw vast nationalisation of industries as well as the establishment of the Welfare State, and the Conservative Governments under Thatcher and Major (especially the former) from 1979-90, which oversaw a large privatisation and deregulation programme. Moreover, the UK's membership of the European Union and its participation in other international trading organisations has had an effect. In the late 1970s and early 1980s North Sea oil and gas also had an affect on the structure of the economy. The structure of an economy is traditionally divided into three sectors, primary, secondary, and tertiary. The primary sector comprises of activities...

