Gross Domestic Product and the Austin 10

This forum is for non members to ask questions to the ATDC Members. Members should use the private forums for any and all Member to Member conversations.
Post Reply
User avatar
Posts: 1749
Joined: Wed Nov 20, 2019 3:31 pm
Location: BATH

Gross Domestic Product and the Austin 10

Post by peter_winney » Tue Dec 21, 2021 11:21 am

In 2021 UK GDP grew by 6.8% but after a near 10% fall in 2020 it is still less than pre-Covid 2019. According to Telegraph Business News the last time the economy grew by more than this was 1941 - plus 8.7% - powered by war-production. The previous biggest peace time growth in GDP was 1934 at 6%

The 1930s are considered to be bleak years for the world economy But in 1931 the UK went off the gold standard, allowing £Sterling to fall in value and kick-started the economy, and leading to growth of 3.2% in 1933 and 6% in 1934. This was just in time for the Austin 10, introduced in April 1932, to take advantage with sales increasing in most years to reach a peak in 1937, becoming Austin's best-selling model, before the transfer of work to arms & munitions when the Austin Works at Longbridge became a "Shadow Factory" for aircraft etc.

10-Box-trafficator_web.JPG (71.43 KiB) Viewed 7752 times
Member since July 1972
Never too old to learn something new

Post Reply