- Much of Thatcherism evolved as circumstance allowed. Thatcher was pragmatic.
- Whereas the Post-War consensus lacked pragmatism - same old same old.
- The Mixed Economy with a large role for state intervention was never really challenged - Heath tried but failed, Selsdon Park and the Rolls Royce bailout.
- Thatcher's government insisted that it could no longer be a universal provider.
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- Both right-to-buy and privatisation of utilities evidences a move away from the Post-War consensus - no longer a universal provider.
- Again, pragmatism - Thatcher believed in monetarism, limited state intervention in industry and business but tight controls over economic affairs, i.e. Money circulation.
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Tight legal framework
- Trade Unions now operated under a tighter legal framework.
- Requirement to hold a secret pre-strike ballot.
- The end of 'Closed Shop' Policy - the precondition that you had to be a part of a specific union in a specific industry to get the job.
- Employers could sue trade unions for damages incurred during a strike.
- Hardly consulted by the Government.
- As unemployment rose, influence of TUs waned.
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Abandonment of commitment to full employment
- No longer Government's responsibility to make sure there was full employment.
- Offset on private enterprise and employees - their responsibility.
- Government's responsibility was to make sure inflation was low.
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No longer a universal provider
- More should be left to the market
- The voluntary sector
- Entrepreneurial spirit
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