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The Guardian - UK
The Guardian - UK
Business
Richard Partington

Liz Truss can learn from the progress of second Elizabethan age, not its failures

New British prime minister, Liz Truss, gives a speech outside Downing Street, London, on 6 September 2022.
Liz Truss has promised to ‘deliver, deliver, deliver’ on rebooting the British economy. Photograph: Toby Melville/Reuters

When Queen Elizabeth II came to the throne, Britain was financially exhausted, rationing still in place and inflation high after the second world war. Then – as is now, after her death on Thursday – concerns over living costs were at the forefront.

Over the course of the second Elizabethan age, the country has grown more prosperous, healthier and socially liberal. Real gross domestic product per person is almost four times larger than at her accession in February 1952, having been kickstarted in the first two decades of her reign by a golden age of economic growth.

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