PREVIEW

... Large state-owned enterprises were broken up into pieces and sold to private consortia, which injected a boost to the British economy at that time. But the good times didn't last long. In the 1990s, the economic recession that swept across Europe did not let Britain go. In 1990, the real economic growth rate of the United Kingdom was only 0.6% for the whole year, and in 1991, the annual GDP It actually dropped by 2.1 percentage points compared with the previous year.

   Entering the third ...

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