Where Did It All Go Wrong for [British] Conservative Economics?
2nd March 2023
Churchill was an incredible war leader and a great international statesman. Economic policy was not his strong point, however. Churchill had led Britain back to the Gold Standard with disastrous results. He was also an unrepentant free trader, despite the fact the whole world had put up protectionist tariffs against imports, leaving Britain dangerously out of line with global trading conditions. Fundamentally, on the economy, Churchill was an orthodox liberal. It is his outlook which has shaped the Conservative Party’s economic philosophy ever since.
Churchill was also responsible for delivering Eastern Europe into the hands of Stalin.