Who broke Britain? Someone—or something—must have. The past 18 years, enough time for a whole lost generation to be born and brought up, have yielded nothing but stagnation and mass disillusionment. In 2007, before the global financial crisis, Britain was at its postimperial zenith. Median household income had just surpassed that of Germany. A pound was worth more than $2, and London was arguably displacing New York as the center of international banking.
quoting
naddr1qv…vfpwHow Britain Became as Poor as Mississippi The article posits that Britain has experienced significant stagnation and disillusionment over the past 18 years. It highlights that in 2007, prior to the global financial crisis, Britain was at a post-imperial peak. At that time, median household income exceeded Germany's, the pound was valued at over $2, and London was challenging New York as a financial hub. - Britain has undergone 18 years of stagnation and mass disillusionment. - In 2007, before the global financial crisis, Britain was considered at its post-imperial zenith. - Median household income in Britain had surpassed that of Germany in 2007. - The pound was worth more than $2 in 2007. - London was seen as potentially displacing New York as the center of international banking in 2007.
