Thatcher economic data Flashcards
1
Q
How much did monetarism increase VAT to
A
8% to 15%
2
Q
What were interest rates under monetarism
A
15%
3
Q
What percentage did industrial output fall to during the recession in the early 1980s
A
11%
4
Q
How much did steel output fall by
A
30%
5
Q
How many manufacturing jobs were lost
A
2 million
6
Q
What was unemployment at in 1983
A
3 million
7
Q
What was inflation at in 1980
A
22%
8
Q
What was economic growth at
A
2.2%
9
Q
A