Post-war consensus

Period in British political history that began after 1945 and ended with Thatcher's election as Prime Minister in 1979 (or, as some historians argue, with Britain's economic decline in the late 1960s).

• 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).