British experts have warned that their country may witness a very bad year over the few months to come. The experts expect this year to be no less bad than what happened in 1973 in terms of energy in particular and the economy in general, with the presence of catalysts for the crisis.
The British newspaper "Daily Mail" reported that one of the memories that still resonates so far in Britain is the specter of the economic and energy crisis in the aftermath of the October 1973 war between the Arabs and Israel.
As for the United Kingdom, whose economy was faltering, the Arab decision was a severe blow, as inflation rose 15 percent, and the matter reached the point of rationing electricity, as half of the street lights in the country were turned off.
The impact of that war was not only economic but also political. In the fall of 1973, some saw the energy crisis as an opportunity to humiliate the Conservative government, and among them were trade unionists.
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