What are the policies of Thatcherism?
What are the policies of Thatcherism?
Thatcherism attempts to promote low inflation, the small state and free markets through tight control of the money supply, privatisation and constraints on the labour movement.
What did Thatcher do?
On becoming prime minister after winning the 1979 general election, Thatcher introduced a series of economic policies intended to reverse high inflation and Britain’s struggles in the wake of the Winter of Discontent and an oncoming recession.
What is the post war consensus Britain?
The post-war consensus included a belief in Keynesian economics, a mixed economy with the nationalisation of major industries, the establishment of the National Health Service and the creation of the modern welfare state in Britain.
Why did the postwar consensus of the 1950’s breakdown?
Why did the postwar consensus of the 1950s break down? The postwar consensus of the 1950s break down was caused because of politics in the West shifted noticeably to the left, and Social Democratic governments worked to normalize East-West relations.
What was politics of consensus?
Consensus democracy is the application of consensus decision-making to the process of legislation in a democracy. Consensus democracy also features increased citizen participation both in determining the political agenda and in the decision-making process itself.
How does the Margaret Thatcher illusion work?
The Margaret Thatcher Illusion — which also gets called the Thatcher Effect, along with other names — occurs when a picture is turned upside down. But instead of changing everything in the picture, the effect happens when the features, like the mouth and eyes, are kept the right way up.
What is a Thatcherite Government?
The term has been used to describe the principles of the British government under Thatcher from the 1979 general election to her resignation in 1990, and continuing into the Conservative governments under John Major and David Cameron. Proponents of Thatcherism are referred to as Thatcherites .
What is Thatcherism and why does it matter?
But no political philosophy has shaped a nation in quite the same way as Thatcherism. At its most crude, Thatcherism represents a belief in free markets and a small state. Rather than planning and regulating business and people’s lives, government’s job is to get out of the way.
What has privatisation done to the UK since Thatcher?
Since Thatcher’s day, such privatisation has gone further, says Thatcher expert Professor Richard Toye, of the University of Exeter, citing the privatisation of British Rail under her successor John Major. There was also a huge sale to tenants of council housing.
What did the Thatcher government do to stop strikes?
Supply Side Policies. After a year-long strike, miners went back to work without receiving demands. This marked an important turning point in industrial relations. The Thatcher government also passed legislation to make it harder to strike – policies such as banning closed shops – banning secondary picketing.
