After World War Two the Labour Government introduced reforms to establish the Welfare State. These tackled ‘Five Giants’ described in the Beveridge Report.
The successes of this were:
The limitations of this were:
The Labour Government nationalised (brought under Government control) industries in Britain in order to create and maintain job levels. This included industries such as:
This helped to keep unemployment rates very low - unprofitable industries were provided with Government money to keep them in business and to avoid job losses.