Wattie
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Were state finances so bad because we’d had to fight 2 wars in Europe previously to save em all?And just to reiterate some historical context - to remind ourselves how well the UK was doing on its own prior to joining the EU in 1973, despite its illustrious colonial past and aspirations of grandeur... (despite what some on this forum remember).
The economy was in tatters, and in 1976 the PM had for the first and only time in history to ask for an IMF bailout - the largest bailout in IMF history at the time.
The economy and state finances were so bad that in 1975 when the UK held a referendum to ask the people whether they wanted to stay in the newly joined membership (2years earlier), almost 65% of the population said yes.
A common Human trait is how one tends to forget its past as bad memories (horrible state of the economy and fear for isolation in a conflicted world at the time) fade, which is why history tends to repeat itself.
But fear not, Boris will manage to convince Trump and fend off his “America First” machine and get a “win win” deal for Britain, when China and the rest of the world couldn’t !!
Honestly I’ve no idea, that was 46 years ago and the world was a very different place.
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