A new edition of the leading textbook on the economic history of Britain since industrialisation. Leading historians and economists examine the foundational importance of economic life in modern Britain as well as the close interconnections between economic, social, political and cultural change. Each chapter provides a clear guide to the major controversies in the field and students are shown how to connect historical evidence with economic theory and how to apply quantitative methods. Volume 2, on 1870 to the present, tracks the development of the British economy from late nineteenth-century global dominance to its early twenty-first-century position as a mid-sized player in an integrated European economy. The chapters re-examine issues of Britain's relative economic growth and decline over the 'long' twentieth century, setting the British experience within an international context, and benchmark its performance against that of its European and global competitors.