Important Statistics Flashcards
What was inflation at before Thatcher?
Periods ofover 20% in the late 70s and at 14% in 1979
How much did Thatcher reduce inflation by?
Reduced to single figures by 1982, never rose above 9% for the rest of the 80s
Though: 1979 inflation at 10.3% and 1990 at 10.9% - no change
How far did manufacturing fall between 1980-1
14%
In 1980 how far did inflation rise due to soaring pay demands?
22%
What was unemployment at in 1982?
3 million
How much did the sale of British Gas raise?
£5.4 billion
How much money was raised from privitisation?
£19 billion
How did shareholders increase between 1979-90
3-11 million
By 1990 how many shareholders were owned by individuals?
20%
How many jobs were lost as a result of coal privitisation?
200,000
How much was economic growth during the Lawson Boom?`
4-5% a year
How much did private household debt increase from 1980-89?
£16 billion to £47 billion
What was personal debt at by 2003?
£1.3 trillion - highest in Europe
How much did the 1980 Budget reduce the top rate of income tax?
83% to 60%
How much did the 1988 Budget reduce income tax
Basic rate decreased from 29% to 25%
High rate of income tax reduced to 40%
How much was VAT increased in 1979?
rose from 8 to 15%
How much did the average tax bill rise between 1979-90 due to indirect taxation?
rose by 6%
How did the reduction in direct taxation affect the amount of tax avoidance?
Wealthiest 5% paid as much tax in 1988 at 40% rate as they did in 1978 at the 83% rate