When the pink shower curtains were pink and the UK looked like they were going to be ‘really poor’ in the race for the 2020 Olympics, the then Prime Minister, Theresa May, declared a national emergency.
The emergency was the first time the government had declared a nationwide emergency since its inception in 2015.
It was a bold move for a government that had previously been a staunch advocate of the rule of law, which had seen the UK emerge from the EU and the global economic crisis that followed.
In her first address to the nation, May pledged to make the emergency law permanent and implement a ‘national plan’ for the country’s recovery.
That plan was designed to prevent future financial crises and to give the UK a financial buffer against future shocks.
In a speech in the Commons, May said the government was ‘delighted’ with the progress the country had made.
She said she hoped that, when the 2020 Games were due to start in 2019, Britain would be ‘ahead of the curve’.
‘We have now reached a new phase in our recovery, and we have set out a clear plan for the recovery of the UK, the economy, and the people of the United Kingdom,’ she said.
‘We need to go forward.
We need to work hard and make sure we have the resilience and resilience to rebuild our country.
‘The country is stronger, we have a strong economy, we are more united, we can keep our heads above water in the years ahead.
We can rebuild our nation.’
But the economic recovery took longer than May had expected.
The country was still struggling with its economic recovery from the Great Recession, which ended in December 2020.
But May’s government did not have the money to keep it going and was forced to borrow money from the International Monetary Fund.
The IMF had lent the UK £100bn to help rebuild its economy, but it was still not enough to fully rebuild its public finances.
The next step was for the IMF to step in and provide a loan to Britain.
The bank did not lend, and in March 2020 the government announced it would be borrowing £10bn from the IMF.
The government announced the loan in May 2020, and on October 19, 2020 the Bank of England, which was the central bank, announced that it would start issuing new £5bn notes.
But the note was not widely used because the new notes were issued in January 2020.
In February 2021, May announced a national ‘rainy day’ to celebrate the bank’s first note issue.
But after two months of the new note being printed and then rejected by banks, the pound began to tumble against the dollar.
The pound lost nearly 5% against the euro by the end of 2021, and by March it was trading at around $2.6.
May’s policy of issuing new notes in the hope that banks would print more to try to revive the economy was working and in the end the economy had been able to recover.
But, the next year, May was forced into the second phase of her recovery plan, which focused on building infrastructure, increasing the value of the pound and increasing the number of people who could access the welfare state.
But it was not enough.
The UK economy did not recover to the levels it had seen a year earlier.
By June 2021, the British economy had shrunk by 3.3%.
By September, it was back to the pre-crisis levels it was at before the Brexit vote.
May and the government were criticised for not spending enough money on the economy.
The BBC’s Paul Adams said: ‘This was a very hard sell to the electorate and to the media.
They thought that the pound was going to get a bounce back and they thought the pound would recover and the pound will bounce back.
‘But it hasn’t, it’s gone back up again.’
In January 2018, May called an election.
She lost her majority in the House of Commons, and her government was forced from office.
She had been accused of being out of touch with the majority of British voters and of not listening to their concerns.
She announced her resignation after two years of the Conservative party leadership.
But a new government was formed in June 2018 and the prime minister was appointed as the new leader.
It became the first government to be formed with a new prime minister in Britain since 1945.
In the autumn of 2018, the government signed a deal with the IMF, in which the UK agreed to provide a further £5 billion to support the economy in 2019-20 and to repay the IMF loans.
The deal also included a ‘rainbow alliance’ with six other EU countries: Italy, the Netherlands, Spain, Portugal, Greece and Cyprus.
The EU agreed to offer Britain the financial assistance it requested, and was to offer it up to £1bn a year in support.
In July 2018, Britain became the second country to sign an agreement with the EU to extend the time that the UK could