I think a lot of it is because after world war 2 the labour government decided that a centralised planned economy and nationalisation of every business (and I d

I think a lot of it is because after world war 2 the labour government decided that a centralised planned economy and nationalisation of every business (and I do mean every, this was in labours manifesto until new labour in the 90s) would perform better. It didn't work, it destroyed industries. This gives some idea of what happened: https://m.youtube.com/watch?v=O7PVEaPh6Fw&pp=ygUgYWRhbSBzbWl0aCBpbnN0aXR1dGUgQmlybWluZ2hhbSA%3D https://m.youtube.com/watch?v=O7PVEaPh6Fw&pp=ygUgYWRhbSBzbWl...