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John Major's Government 1992-'97, DIVISION - Coggle Diagram
John Major's Government 1992-'97
Maastricht Treaty
brought together the conservatives who wanted to leave the EEC
people feared the treaty was another step forward making Europe into a federal state governed from brussels.
committed members to full integration of their currencies, foreign policy and defence and changed the name of the community to the European union
Causes deep split in the conservative party
THATCHER VS HESELTINE
1995 Leadership Election 'those bastards'
John Redwood
The pound fell sharply in value as intl bankers sold it at its artificially high rate before it was devalued
pre cursor to the euro (already controversial)
Major and his chancellor, NORMAN LAMONT, tried (badly) to sustain the pound's value by pushing up interest rates and gettting the bank of England to buy pounds
huge levels of gold reserves used to keep the pound in ERM
Interest rates hit 20% briefly
efforts unsuccessful and on 16th sept 'Black Wednesday' Britain withdrew from the Exchange Rate Mechanism
New Labour
Neil Kinnock
Did a great deal to make the party 'electable' after the disastrous 1983 loss
He was blamed for over-confidence in the party's performance in the 1992 election and resigned shortly after
He expelled members of the extreme left who had infiltrated the party in the 1970's
BLAIR
appealed to hitherto Conservative-supporting businessmen and City bankers
reassured city bankers and businessmen about labour policies
won the support of leading media figures 'Rupert Murdoch'
Rupert Murdoch was the owner of the Sun newspaper
Tony Blair - set about reconciling the labour party to Thatchers reforms
Blair abolished clause IV of the party's 1918 constitution which pledged to nationalise British industry
Tory Sleaz
e
A series of revelations about the sexual indiscretions of some MP's
accusation that levelled mp Neil Hamilton acepted cash from Mohamed Al Fayed in order to ask questions on his behalf
SEX SCANDALS
David Mellor
Tim Yeo
David Ashby
After a long period of conservative rule, many felt that it was time for a change of style and policy.
Financial Scandals
Jonathon Aiken sent to jail for purgery
DIVISION
