Political Developments: 1987 Election Budget Flashcards
Why was a pre-election budget made?
To get more votes for the Conseratives
Who was Chancellor of the Exchequer in 1987?
Nigel Lawson
What had Lawson done economically in 1986?
Deregulated the London Stock Market
What had Thatcher’s government been continuously doing economically since 1983?
Privatisation
What did Lawson announce for public spending in his 1987 budget?
£7.5 billion more would be spent on public services
Name 2 services that the public spending surge would go to
Education, Health
What could it be called if the government had turned away from Monetarism with this budget?
A U-Turn
What was the case for inflation by early 1987?
It was down to 3%
What was the case for unemployment every month after 1986?
It decreased
What did the economic policies of the Conservative government for Thatcher’s second term show about a third term victory?
These policies would continue
