In Howe advised Thatcher to leave Liverpool to ‘managed decline’. Privatisation was drvien by an anti-socialist ideology and became a central policy under Thatcher. However, many criticised privatisation as being selfish, particularly one-nation conservatives such as Harold Macmillan. Michael Heseltine, who continued to argue for greater government intervention, spearheaded and redeveeloped the dockland areas of London and Liverpool. Nevertheless, Thathcer’s ultimate victory from this policy was to see labour abandon its historic Clause IV policy under Tony Blair, and therefore it played a key role in the defeat of socialist ideology. Some lost their jobs as privatised companies cut back on staff, and others found that they could no longer rely on long-term job security and on reliable pension provision.
Chief policies within this included: There were increased problems of ill health and depression, and also alcoholism and drugs. Chief policies within this included:. How was deregulation carried out? Britain’s economy was moving away from being based on manufacturing and heavy idnsutry and becoming based on services.
What were the consequences of privatisation?
Reducing taxation so as to provide employees with a greater incentive to work. This allowed the government to make cuts in taxation, which was a key economic policy of Thatcher’s supply-side economics.
Thatcher’s Economy – Revision Cards in A Level and IB History
This gave police offciers permission to stop and search suspected persons if they thought they might commit a crime. Profits encourage expansion or further investment into business.
Supply-Side Economics Deregulation for businesses and low taxation encourages enterprise and entrepreneurship.
What activities took place after this realignment? Such support kept her going when she said ‘this Lady’s not for turning’.
Thatcher () – Revision Notes in A Level and IB History
This would then stimulate the economy. The ‘Thatcher Revolution’ It identified poverty and race as key components. Limiting the powers of the trade union so that they could not block productivity or prevent the modernisation of industry. The Scarman Report was commissioned to examine the causes of these riots.
Despite the Scarman Report and subsequent changes in policing policies, there were riots once again in Long-term trends shifted economic actvitiy to the south, courseeork the face of many cities and towns. It was only with the greatest difficulty that the police eventually contained the trouble. Businesses would compete with each other in the marketplace, which would encouarge improvements and innovation.
Financial deregulation freed up the City of London and doursework financial markets from the tight controls of the Bank of England. What was economic realignment? Although monetarism was never fully dropped as a policy, from the mids it was largely abadoned. Rolls Royce was privatised in Sign up to Comment. Demand-Side Economics Government uses tax to support full employment. This was calculated as an act of defiance against the ‘wets’, ministers such as Francis Pym and James Prior, who were worried by the effects of monetarism, had wanted this policy to be abandoned.
Deregulation for businesses and low taxation encourages enterprise and entrepreneurship. Also, the money earnt did not go on long term infrastructure, rather on current spending and welfare payments.
This changed British society in a fundamental way as it promoted the capitalist streak that the polocy developed within the individual, giving the potential for social mobility as it generated wealth, another important policy of Thatcher’s. Encouraging competition in order to lower prices. Some lost their jobs as privatised companies cut back on staff, and others found that they could no longer rely on long-term job security and on reliable pension courswork. Chief policies within this included: To what extent were state intervention and the public sector ‘rolled back’?
It also signalled the end of the post-war consensus in State role.
Young people could no longer expect to follow their parents into work, causing many to have to move away. How was deregulation carried out? Coursewor, policies within this included:.