Thatcher 86-89
- Created by: Amy
- Created on: 17-03-14 21:21
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- Thatcher 86-89 (stage 2)
- Deregulation
- finance: credit and exchange controls abplished
- PROMOTING EFFICIENCY AND PROFITABILITY
- education: schools entitled to opt out of state sector and become responsible of own finance
- housing: opportunity to give tenants the right to but their council houses
- Privatisation
- policy aimed to increase 'popular capitalism'
- 50 enterprises sold off - eg. British airways/British steel/British coal
- encouraged banks to advance larger loans to their customers.
- Debate over D + P
- Shift in employment, although painful, was necessary - need to shed wasteful practises
- Taxation under Thatcher
- Period of low taxation
- Significant reduction in income tax
- Overall tax bill for ordinary people not greatly altered - due to increase in VAT
- Westland Affair 1986
- Unity did not prevail in govt - Heseltine proposed to save failing helicopter company by making it apart of Eu. consortium
- Different package put forward by Industry Secretary, take over by American business. M/T backed this
- H resigned 2 weeks later - M/T shown to be bullying and subservient to Reagan and USA
- Different package put forward by Industry Secretary, take over by American business. M/T backed this
- Unity did not prevail in govt - Heseltine proposed to save failing helicopter company by making it apart of Eu. consortium
- 1987 ELECTION
- Westland did not harm election, gained popular vote but lost 22 seats
- Deregulation
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