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This is an old revision of this page, as edited by Timdxherty (talk | contribs) at 20:17, 9 December 2017 (→Update the UK's global economic ranking, as it is now fifth not sixth.: new section). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

export import

exports $813 billion and imports $782 billion are far larger than other ref on the web.

Forbes estimate

There is a discussion at Talk:Economy of France#Recent Forbes article about whether we should use Forbes or the IMF for GDP figures which is relevant to recent edits here. Absolutelypuremilk (talk) 20:56, 19 December 2016 (UTC)[reply]

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Deindustrialisation section

There is now a section on "Deindustrialistion". A large chunk of this seems to be about reactions to deindustrialisation, rather than the deindustrialisation itself. I will remove this chunk as it is straying away from the subject of the article. Absolutelypuremilk (talk) 11:03, 19 January 2017 (UTC)[reply]

Keep it--scholars consider it central to the problem and it features heavily in the scholarly literature on deindustrialization. Note for example the article on Industrial Revolution gives heavy emphasis on its social impact. Rjensen (talk) 16:58, 21 January 2017 (UTC)[reply]
If you want to include it in deindustrialisation, then feel free to (and in fact I recommend you do). However, this article is on the Economy of the UK, not the social history associated with economic changes. Absolutelypuremilk (talk) 17:13, 21 January 2017 (UTC)[reply]
that 's a personal view of what economic historians do. and not quite true for this article--there is also politics here [Support for the Labour government slumped during the recession, and the general election of 2010 resulted in a coalition government being formed by the Conservatives and the Liberal Democrats.] Rjensen (talk) 18:00, 21 January 2017 (UTC)[reply]
I'm not talking about economic historians, I'm talking about the article. That sentence provides context for the next sentence. Absolutelypuremilk (talk) 18:09, 21 January 2017 (UTC)[reply]
our job as editors of this article is to report what the RS say about economic history. To quote Strangleman: stable work, even dull repetitive labor, allows people to develop character over time. It allows them to mature and form powerful bonds with others around them.... the jolt provided by losing a job is an inherently reflective process. Narratives and images of industrial work and its loss, ... serve as more than “storehouses of memory,” [they become] “moral landscapes,” and morality is a common theme in narratives and interviews about plant closure." the USA had a lesson in this yesterday in Trump's inaugural address and you have it in Brexit discussions. People are finding new meaning in their own economic history. Rjensen (talk) 22:27, 21 January 2017 (UTC)[reply]

In truth the process of de-industrialisation had been ongoing for quite some time before 1973. Coal consumption peaked at c. 200 million tonnes in the 1950s and started to decline rapidly after the Clear Air Act was passed in 1956. Yet the section on de-industrialisation cites the decline in coal consumption between 1970 and 2015 as evidence that de-industrialisation began in the 1970s. The number of deep coal mines in the UK was c. 3,000 in the 1910s, c. 2,000 in the 1920s, c. 1,500 in the 1930s, c. 500 in the 1960s, and c. 250 in the 1970s. Coal production in the 1970s was half of what it had been at the turn of the century. When viewed in a historical context, the idea that coal mining suddenly collapsed in the 1970s makes no sense; it was an exponential decline that began around the 1900s. I have no data but am pretty sure that more textile mills had been closing than opening for quite a while. Services overtook manufacturing as a share of employment in 1911, and the gap really started to widen in 1961... Firebrace (talk) 20:10, 14 June 2017 (UTC)[reply]

As Wikipedia editors. It is not our job to figure out the trajectory of deindustrialization – our job is to report what the reliable sources have to say. The economic issue reached crisis proportion in the 1970s & was a major political factors well. 1) "the post-1973 period is also associated with de-industrialization, with the shrinkage of the UK manufacturing base" say Roger Lloyd-Jones and ‎Merv Lewis in 2014. 2) "The recession of the late 1970s exacerbated Britain's already serious problems" says Deindustrialization by Gene F. Summers. 3) deindustrialization "Began in earnest in the 1970s, especially in Britain and the United States" says Warf, Encyclopedia of geography (2010). 4) "the processes of deindustrialization that ravaged the northeast of England in the 1970s and '80s." says Buckley (2007). 5) "Britain's industrial workforce declined rapidly during the 1970s," says Bernhard Ebbinghaus (2006). Rjensen (talk) 20:39, 14 June 2017 (UTC)[reply]
It's a widely debated and controversial subject with different people saying different things about the timing, nature, and causes of UK's industrial decline. The controversy itself is well documented. I will make contextual amendments to this effect in due course. Firebrace (talk) 21:06, 14 June 2017 (UTC)[reply]


Arms deals should be included

Arms deals should be included (as a separate figure). — Preceding unsigned comment added by 66.30.55.165 (talk) 13:11, 25 August 2017 (UTC)[reply]

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Statistics Section Update

Hi, The Statistics section needs updating to reflect the increase to the UK base borrowing rate to 0.5%.[1]

 Done Firebrace (talk) 18:48, 17 November 2017 (UTC)[reply]

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Update the UK's global economic ranking, as it is now fifth not sixth.

The opening sentence is out of date as the UK is now the sixth global leading economy[1], not the fifth as written.

  1. ^ https://www.standard.co.uk/news/uk/uk-overtaken-by-france-in-list-of-worlds-largest-economies-a3699556.html
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