Thatcherism beliefs
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?- Created by: Grace Lidgett
- Created on: 28-12-12 20:13
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- Thatcherism beliefs
- Individualism
- "there is no such thing as society" Thatcher
- Believed that if the rich got to keep more of their money, it would benefit everyone as wealth would 'trickle down'
- REDUCED HIGHEST INCOME TAX FROM 83% to 40%
- Encouraged private pensions
- Wanted individuals to take more responsibility for themselves and be self-relient
- Moral values
- support for victorian values
- Critical of lifestyles out of the 'norm'
- Banned promotion of homosexuality
- Free market
- Necessary to promote competition
- employers are free to pay what wages they want
- Reduced role for state
- Individual freedom seen as important - NO dependency culture
- Would undermine the free market otherwise
- Monetarianism
- Total rejection of Keynesianism and primary aim to keep inflation under control
- Inflation reduced from 15% in 1979 to 2.4% in 1986
- Cutting union powers
- Restricted = must hold a ballot before, picketing was reduced, employers could challenge strikes
- Nationalism
- Anti-europe stance
- Falkland war 1982
- Increase defence spending and develop nuclear deterrent
- Strong central government
- Strong state in certain areas of law and order
- Abolition of greater london council
- Poll tax
- 1990 = local council tax, taxed per head and not income
- Deeply unpopular, mass strikes etc
- Individualism
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