how successful was thatcher 1979-90 Flashcards
1
Q
social
A
- 1980 Housing Act: sale of council houses. aims to create “home-owning democracy”
1990 65% of British population owned own homes. - 1980 Assisted Places Scheme: allows intelligent children from poor families to enter private schools.
- cut university funding
- 1988 Clause 28: promotion of homosexuality in schools unacceptable
- market principles brought into NHS: aimed to make it more efficient, now had control over own budgets
- 1987-1988 Education Reform Act: introduces National Curriculum in schools across UK, introduced GCSE’s.
2
Q
political
A
- Victory in Falklands War (1982) = support. massively contributed towards electoral success in 1983.
- Labour less popular due to leadership of Michael Foot (negative media)
- Wet Tory MPs e.g. Carrington allow Thatcher to follow through more radical policies.
- Westland Affair 1985-86 (public dispute)
resignation of defence minister Michael Heseltine
damaged reputation and embarrassed gov - Chancellor Lawson resigns 1989
accused of starting the inflationary spirit. - Poll tax 1989/1990
intended to replace the existing system of local rates. meant everyone had to pay not just householders. unpopular over 250,000 protested in Trafalgar Square. - Labour- modernisation slowly continues.
3
Q
economic
A
- aimed to replace Keynesian economics with monetarist policies, which greatly reduced government spending.
- Rise in unemployment
Expenditure increases
Productive capacity fell rapidly e.g. oil industry company BP - 3 million unemployed
- Prices rise by 8% 1980
- growth rate of 4%
- gap between rich and poor polarises
- Chancellor Lawson uses supply side economics to create feel-good factor.
- Prosperity rose largely due to North Sea oil.
- privatisation 1st term Amersham international 2nd term BT
- Oct 1987- Black Monday stock market crash.
- 1988 March budget = income tax bands cut to 40% and 25%.
- 1989 inflation back to 8.3%.
- Interest rates rise to 15%.
- Labour’s economic programme accepted the market principles implemented by Thatcher.
4
Q
1st term?
2nd term?
3rd term?
A
1979-1982
1983-1987
1987-1990