- Created by: Anna
- Created on: 02-06-15 11:36
Improved Britain's international status
Created enterprise-culture, allowing development of great social mobility: growth of smaller businesses.
Taxes fell and living standards rose: 44% between 1979 and 1990
Her electoral sucesses forced Labour to modernise.
Weakened Trade Union powers
Won Falklands War and restored nation pride to Britain.
Acted as a key role in the Cold War between USA and Russia
Strengthened the special relationship
Inflation hadn't been completely resolved, still exsisted even if on small 3.7%
Unemployment peaked at 3 million, highest since 1930's depression
Interest rates remained high
Monterism had major social issues: rioting, job losses
Gap between rich and poor grew wider than ever: top rich 10% got richer bottom poor 10% got poorer.
She didn't reduce public spending and welfare state completely
Manufacturing industry shrunk and trade decifit remained high
Hostiliy towards Europe caused problems within her party and for own postion
Poll Tax, unpopular with all expect rich.
Riots being a common theme throughtout her time in office
Key People in her Cabinet
William Whitelaw: First deputy PM, forced to resign after having a stroke, agrued after his departing in 1987 was the start of Thatcher's downfall
Geoffery Howe: 2nd deputy prime minster, publicly resigned due to Thatcher's inablitiy to co-operate over the issue of Europe
Michael Heseltine; defence minstry, forced to move to the back bench after Westland Affair, appeared as a rivial to Thatcher.