The Gold Standard was abandoned in the United Kingdom in 1931 due to economic instability and pressure on the Pound Sterling caused by the Great Depression. The decision to leave the Gold Standard was made by the British government under Prime Minister Ramsay MacDonald.
Discussion
Economic pressures led to the suspension of convertibility on a number of occasions, including during the First World War. Britain returned to the gold standard in 1925, but the economic strains of the great depression forced the final departure in 1931.
Touché first WW was the first domino, the Great Depression was final dagger