The Board of Trade announced last week that 1954 was the best trading year in British history. Its figures gave eloquent proof of the quiet but massive transformation that is taking place in the British economy.
Where Lancashire textiles and Welsh coal once led the list of exports, Britain's new staples are metals and engineering products (more than 50% of all British exports last year), chemicals ($560 million worth), and such technical specialties as radioactive isotopes (Britain is by far the world's largest isotope supplier, shipping 7,000 consignments a year to some 46 different countries). British car exports, the Board...
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