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Thatcher set out some reforms and flogged off a lot of state run things. One of the big things she did was de-regulate some of the financial markets (a-la big
by KaiserPro 3y ago
Thatcher set out some reforms and flogged off a lot of state run things.
One of the big things she did was de-regulate some of the financial markets (a-la big bang)
The shutting down of the mines was the thing that she was most vilified for. However she left office in 1990, there were 7 more years of conservative rule after her.
However, much as its fun to piss on her grave (no judgement) the stuff she did was/is pretty tame and almost left wing compared to the present government.
- tharmas 3y agoThatcher was able to pay for her tax cuts without hitting social programs by using the Oil revenues. That's gone now. Lizz Truss tried to do a Thatcher with tax cuts but there was no Oil revenues to pay for it. The govt debt was going to balloon, so the market reacted very unfavorably. That was the end of that. Incidental, people seem to forget that Lizz Truss was the number one pick by the Conservative Party membership for leader. That tells you all you need to know about the judgement of the Conservative Party membership.