Jubilee economics - how does 1952 compare to 2022?

Some similarities

clock • 4 min read
Luke Hickmore, investment director fixed income, abrdn
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Luke Hickmore, investment director fixed income, abrdn

It’s 70 years since Queen Elizabeth II came to the throne in 1952. In her platinum jubilee year, it’s worth reflecting on the economics of Britain back then and what has – and hasn’t – changed since her reign began.

The notable events of 1952 Britain suggest a country struggling to shake off the war years. Tea rationing finally ended; Agatha Christie's The Mousetrap began its London run and the first UK singles chart was published. Britain got its first TV detector van and its first atomic bomb. London's smog killed 4000 people and tramways were ripped up for motor cars. In court, Regina v. Turing, saw the crown convict mathematician Alan Turing of homosexuality, prescribing hormone treatment. Then, as now, was the start of a new era of hostility between superpowers bristling with nuclear weapons, firs...

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