United Kingdom: History
England and Wales are politically and administratively unified.
England and Scotland are unified as the United Kingdom of Great Britain.
The term "United Kingdom" become official after the United Kingdom of Britain and Ireland unite.
Ireland, with the exception of six northern counties, gains its independence from the United Kingdom.
The United Kingdom's economy suffers greatly during the Great Depression, with millions left unemployed and Britain's world trade dropping by half.
The United Kingdom becomes a founding member of NATO.
The United Kingdom joins the European Economic Community.
Margaret Thatcher becomes prime minister and begins to implement free-market policies.
A government program aimed at privatizing state-run industries is implemented.
The government part-nationalizes three leading banks with a 37 billion pound rescue package, as the global financial crisis hits the country.
The government announces large-scale public spending cuts in order to combat the United Kingdom's large budget deficit, with an average of 19% budget cut in government departments over four years.
The UK economy continues to shrink, marking a return to recession.
The United Kingdom votes to leave the European Union in a referendum, commonly referred to as the "Brexit."