How did WW1 affect Britain's economy?

Answer 1

Britain has already been in an economic decline, both they and France owed USA millions of dollars, meaning they had huge loans, and the damage cost roughly 20 billion pounds... Naturally things didn't get much better since the production was slow later, etc

Answer 2

the war had a negative effect on Britain. They lost many citizens and soldiers in the war. their cities were also in shambles because of the German bombers.