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Whether or not you think privatisation was a good thing. Spending huge oil revenues domestically caused massive inflation.

• arethuza 16y ago
  I'm not sure that there is much correlation between the two - the really bad years for inflation were '73 to '83 and oil revenues didn't really take off until '82 or so: http://www.marketoracle.co.uk/Article4884.html http://www.marketoracle.co.uk/Article4884.html http://safalra.com/other/historical-uk-inflation-price-conversion/ http://safalra.com/other/historical-uk-inflation-price-conve... I'm obviously not an economist, so you could well be right!
  • ashconnor 16y ago
    I meant inflation of currency exchange, I should have stated that above.
    • hollerith 16y ago
      Which is so bad as to cancel out any positive effect of the spending why?
      • ashconnor 16y ago
        Because it effectively killed UK exports.
        • arethuza 16y ago
          Interesting point - thanks.