THATCHER Flashcards
What was Thatcher’s economic
She believed that everyone should work hard to earn a living and only most vulnerable should be helped
She believed hard work should be rewarded
Wanted to create entupenires
Thatcher and spending cuts
Public spending dropped from £11 billion in 1980 to £9 billion in 1981
Tax cuts and increased
Increased VAT from 8% to 15%
Standard rate of tax cut from 33% to 30% to and top rate tax from 83% to 60%.
From 1984 : standered rate of income tax from 30% to 27% in 1987
Thatcher and Privatisation
By 79 nationalised companies were running at loss eg British Airways was at a £544 million loss between 1981-82
1979 workers employed 25% of workers but only produced 10% of GDP
In 1979 only 7% of country had shares by 1990 it had lept to 25%
Sale of BT brought in £4 billion
What was inflation in 1980 ? And what was inflation in 1986 ?
Inflation 1980:18%
Inflation 1986: 3%
Thatcher and unemployment
Unemployment was at 3 million 1985
Thatcher and productivity
1979 British works were 50% as efficient as American workers by 1997 British workers were 80% as productive
Thatcher: Industry and finance
Financial industry got a 300% increase investment wilst manafctring only got 8%
During 60s Industry was 40% of
GDP by 1997 it was 21%
1989 £20 billion deficit
THATCHER’s Union Acts
- Employment Act (1980) criminalised secondary action
- Employment Act (1982) there could only be a strike a closed shop if there was a vote
- Trade Union Act (1984) forced Unions to call a secret ballot and win a majority to start a strike
THATCHER and DEFENCE
- 1979 she allowed us missiles to be put in UK
- 1980 bought Trident
- 1982 Falklands
- between 1984-86 18,000 trops made redundant
Law and order Acts
- Police and Criminal Evidence Act (1984) expands stop and search powers
- Public Order Act (1986) allowed police to arrest protesters
- Criminal Justice Act of 1982 and 88 shorter but harsher prison sentences for young
- Prevention of Terrorism Act (1989)extended top and search
Reduction in spending
- between 1979 and 1984 govt was cut by £5 billion
- Rates Bill passed in 1984 govt imposed upper limit on local tax
- Local Govt Act of 1988 forced Councils to buy private sector stuff
Impact of Thatcher’s battle with union
NUM ( National Union of Miners) between 1985 and 1990 it lost 84% of its members
Between 1979 and 1997 membership declined by 40%
Between 1985-1990 94 pits closed
What was the Westland Affair?
Between 1985-86 Hesltine and Thatcher fort over weather to give European or American manufacturers the contracts . Heseltine wanted Europe wilst Thatcher USA .Heseltine rigsin
Thatcher and Homosexuality
Three-quarters of people surveyed thought Homosexuality was wrong
Thatcher govt got behind a safe-sex campaign
Section 26 of the 1986 Ed Act specified that “value of family life “ should be promoted
Clause 28 of the 1988 Local Govt Act banded the the ‘promotion of homosexuality’
What was the Scarman Report and what did it say?
The inquiry found that there was evidence of disproportionate and unnecessary use of stop and search against minoritys
Poverty was a key factor in social unrest