Goodbye EU, and goodbye UK

During the spring of 1975, the Wall Street Journal ran a powerful headline. Goodbye Great Britain, the American business newspaper declared.

The United Kingdom was known as the sick man of Europe. Investors were taking flight in the face of its ruinous economic performance and endemic industrial strife. Greatness had made way for spiralling decline.

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A version of this article appeared in the print edition of The Straits Times on April 05, 2019, with the headline 'Goodbye EU, and goodbye UK'. Print Edition | Subscribe