Economic history of the United Kingdom once the territories gained independence and were free to negotiate their own trade agreements. Although the '50s were overall a time of great prosperity for Britain, the Suez Crisis of November 1956 precipitated a financial crisis and a run on Sterling which underlined how fragile post-war British finances were. The tripartite invasion of the Suez Canal Zone by Britain, France and Israel following Egypt's nationalization of the canal (before then majority owned by the British government) was a disaster for British prestige and the economy. The United States and the United Nations came out firmly against the occupation, which caused
Crisis? What Crisis? up with the name "Crisis? What Crisis?" and one day, when we were sitting around Scorpio Studio, he came in with this sketch of a guy in a deck chair under an umbrella with all this chaos going on around him." "Crisis? What Crisis?" is a line in the film "The Day of the Jackal" (1973). The phrase was used as a headline in The Sun newspaper in 1979 to convey a popular impression of the UK government at the time. Artist Paul Wakefield returned after his work in "Crime of the Century", photographing the backgrounds at the Welsh mining