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Watch A History of Modern Britain online: Episode 5 New Britannia

Britain enters the uncharted waters of the post-Thatcher era. Many have done well in the end during the Thatcher years but now boom is turning to bust. Britain feels more vulnerable than ever to rapid international change - from the influence of powerful new global market forces to global warming. Just when many in post-war Britain are getting used to the good life, it seems we might have to start giving up our big cars and foreign holidays.

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