UK

• What was the UK industry like from 1945-1979?

  • State run
  • Primary industries - coal, steel
• Why did the UK industry shift between 1970 and 1979?

  • Equipment was outdated
  • There were too many employees
  • Products were unprofitable
  • Strikes in the 1970s
• What was the UK industry like 1979-2010?

  • State run industries were sold to private share holders
  • More competitive business environment
  • Privatisation caused innovation, change, and regeneration of post-industrial areas
  • Shift to tertiary industry
• Why did the UK industry shift in 2010?

  Unbalanced economy - seen in covid lockdowns - service industries were first industries hit
• What was the UK industry from 2010 onwards?

  • Economy rebalanced by rebuilding the manufacturing sector
  • Relying less on service industry
  • Attracting money through global firms and TNCs - e.g. Nissan