Post-war consensus

Period in British political history.

• Began: After 1945.
• Ended: in 1979. Or, as some historians argue, it petered out during Britain's economic decline in the late 1960s and 1970s.
• Who: Labour Party, Conservative Party
• What: Shared idea of employment and prosperity for everybody (and the government's responsibility for these aims)
• How: Mixed economy (a market economy with private enterprises, but also a strong public sector). Keynesianism (demand management through management of government spending). Welfare state (e.g. National Health Service).