This work examines the reasons behind Britain's economic decline since the 1960s. Focusing on the restructuring of British industry and trading policy, the author discusses the causes and effects of deindustrialization and changes to traditional trading patterns. Particular attention is devoted to the impact of the EU. The work provides: * A new perspective by focusing on industry and trade rather than monetary issues; * A good comparative study of Britain's trading partners and rivals; * An accessible and relatively jargon-free discussion of a topical and far-reaching subject.