Economic Policies

Question 1

What economic policies did thatcher follow

Answer 1

Monetarist

Question 2

This meant reducing what?

Answer 2

The money supply

Question 3

Less of this would make money what?

Answer 3

More valuable

Question 4

The main economic goal was to reduce what problem?

Answer 4

Inflation

Question 5

Unfortunately what began to rise under thatchers new economic policies

Answer 5

Inflation

Question 6

That her had to deal with a recession in stagflation in 1980. What is stagflation

Answer 6

Unemployment and inflation high at the same time

Question 7

What saved britain from a run on the pound in 1981

Answer 7

Nort sea oil and gas

Question 8

Government borrowing went down. Who were therefore given less money?

Answer 8

Councils

Question 9

What was frozen

Answer 9

Benefits

Question 10

What percent was infaltion and how many unemployed?

Answer 10

Inflation =15% 2 million were unemployed

Question 11

How did the government cut the money supply?

Answer 11

Cut benefits, council budgets, government borrowing reduced

Question 12

What is direct and indirect taxation

Answer 12

Direct = tax wage indirect = tax goods

Question 13

The top rate of tac reduced from 83% to what?

Answer 13

40%

Question 14

The standard rate of tax reduced from 33% to what?

Answer 14

25%

Question 15

What did the left wing press refer to labour/left wing councils as?

Answer 15

Looney left

Question 16

What was a major xouncil thatcher fought with and who was their leader?

Answer 16

GCL AND KEN LIVINGSTON

Question 17

Thatcher imposed “rate capping” to weaken the power of councils and conform to their beliefs, what is rate capping?

Answer 17

Limited how much councils could tax their area

Question 18

What two councils tried to rebel but were forced ri back down

Answer 18

Sheffeild and liverpool

Question 19

By 1986 the governments push fir monetarist policies jad failed. She pursued a different approach. She decide to privatise and deregiate the economy. What type of economics is this?

Answer 19

Supply side

Question 20

Privatisation can also be refered to as what?

Answer 20

Denationalisation

Question 21

What company was privatised in 1979?

Answer 21

BP (bristish petrolium)

Question 22

Privatisations gained momentum after what company was privatised in 1984?

Answer 22

BT

Question 23

In 1986 which company was sold and became the biggest share offer in history

Answer 23

British gas

Question 24

What sector did thatcher want to become more competitive and produce more goods?

Answer 24

The private sector

Question 25

What was outsourcing?

Answer 25

Private companies take on jobs previously carried out by the public sector

Question 26

Why with some employees worried during this period

Answer 26

Layoffs and/or long-term job security at risk and/or pensions concerns

Question 27

What did radical Thatcherites want to privatise?

Answer 27

The NHS/coal industry/railway

Question 28

What does Deregulation mean

Answer 28

Little to no government intervention

Question 29

Government wanted to make it easier for businesses to grow in trade they thought this would work by removing what?

Answer 29

Red tape(rules)

Question 30

What made it easier for small businesses to borrow money?

Answer 30

The loan guarentee scheme

Question 31

What gave a start-up company £40 a week for a year to get the business running

Answer 31

Enterprise allowance scheme

Question 32

Financial deregulation freed up the City of London and financial markets from the tight controls of what

Answer 32

The bank of england