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Rolling back the state - Coggle Diagram
Rolling back the state
‘Rolling back the state’ is reducing the size of the state both literally (by having less Government involvement in the running of the country) and metaphorically (by putting more emphasis on individuals and businesses)
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Policing and Defence
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Reduction in troops , 18000 from 1984-86
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Deregulation
1979 - removed limits on how much money could be brought into the country. Increases investment but decreases the amount of british goods bought.
1986 - Big Bang - Reduced restrictions on buying shares and ownership of banks leading to London becoming a major player in international banking.
More risky financial products were designed to bring in bid profits.Many people took advantage of this and was not tackled until the financial crisis of 2008.
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Mortgage debt increased from $43 billion to £235 billion. This continued until 2003 where personal debt was at £1.3 trillion.
NHS
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500,000 had private healthcare insurance in 1955.This was at 6 million by 1990
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