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Thatcher (Economics (Her views, ANTI-INFLATION, PRIVATISATION,…

- - - - against Consensus, against creeping socialism, free-market liberalism, patriotism, limit government interference, party character altered, emphasis on self-made men
      - wets & dries
      - Thatcher's successors did not wholly continue policies
  - - - New Labour
        
        more appeal to the middle class + business voters
        
        "we are all Thatcherites now"
  - - - protest 1990, refusals to pay
      - abandoned in 1991, replaced by council tax
- - - - fall in voter turn out
    - - redefined left and right wing
        
        shifted right
        
        left policies seemed more unusual
        
        ended the post-war consensus
    - - Labour local councils often cut, urban regeneration controlled centrally
        
        regeneration projects in London and Liverpool - effective
        
        abolished 6 metropolitan county councils & GLC 1986
  - - - taxes took a higher % of income of the poor
        
        privatisation benefited the financially astute - middle + upper classes
        
        cutting inflation = cut spending on the poor + high unemployment (manufacturing)
        
        uneven benefits from income tax - by 89 the bottom 10% paid 400 million less in income tax than in 79, top 10% paid 9.3 billion less
        
        1974 top 10% received 25% of post-tax income, by 1997 this increased to 35.2%
        
        reduced welfare payments
        
        pensioners living below the poverty line increased from 13 to 43 %
        
        cuts to housing benefits
        
        richest 10% got 61 % richer b/w 1979 - 1992
        
        poorest 10 % got 18% poorer
        
        middle classes became more divided = higher incomes but objected to attack on public sector - 1987 election saw few middle class vote conservative for the first time since 1918
        
        rise in problems like obesity and mental illness
      - sale of council houses - most popular measure of her kind of capitalism - raised 18 billion
    - - created a north south divide
        
        NE and NW productivity declined
        
        creation of 'enterprise zones' - private firms received gov funds to move in and generate growth - urban renewal projects e.g. Albert Docks in Liverpool, Newcastle waterfront
        
        no of economically inactive people in former industrial areas continued to increase
        
        London + SE richer
    - - plenty of former mining towns
      - 1979 - 73000 unemployed in wales. 1986 - 166,000.
      - by 1990 - only 3000 miners left
      - across the country 90% of workforce lost
      - social problems: homelessness, drug use (605 drug crimes in 79, 1308 in 90)
      - But: economic growth - benefits
        
        spending on the NHS in Wales increased = from 500 mill in 79 to 1.5 billion in 1990
        
        GDP per person from 7,072 to 20,306
        
        number of school leavers seeking further training or education = 20 to 47%
    - - dominated her second administration
      - example of her continuity
      - breaking the union power
      - goal to modernize the industry and shut down unprofitable business = confrontation
      - effects of coal closure: devastating
      - government felt that the strike was being used as vehicle for anti-democratic revolution
      - defeat of the NUM: Employment Acts of the Early 80s had reduced Union power + made mass picketing and shop closures illegal, gov chose time for closures, willing to use the law (police). Government won + union power declined.
        
        government