Was finance Britain's overlooked Achilles' heel during the Second World War?
Short answerNot to the same degree during the war; the sharper financial vulnerability came in the postwar period.
NotesFinance is proposed as Britain's overlooked Achilles' heel during the Second World War. That periodization is rejected without denying Britain's later financial weakness. The acute vulnerability belongs to the postwar era rather than to Britain's ability to continue fighting during the conflict itself. The distinction cautions against projecting the severe constraints of postwar policy backward into the wartime state.