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How did Margaret Thatcher tame inflation?
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Apr 8, 2013 · Taming inflation was Mrs Thatcher's first priority. Tough budgetary policies, aimed at controlling public spending combined with a tight monetary stance, were designed to reduce inflation...
Apr 8, 2013 · One of Margaret Thatcher's first goals was taming inflation which had reached dizzying heights of over 25% in the mid-1970s. The incoming Conservative government raised interest...
Oct 27, 2018 · Thatcher solved certain problems – high inflation, time lost to strikes, poor manufacturing productivity, but also created new problems. – Mass unemployment, rising inequality and a more fragmented society.
Jan 13, 2020 · From 1979, inflation doubled in the first year of the Thatcher administration from 10% to 22%. The recession that followed brought the rate down to 5% in 1980. At the same time, unemployment soared to a breathtaking three million – and that was the official figure.
In her memoirs, Margaret Thatcher stresses that in the years between 1975 and 1979 ‘the foremost issue was how to deal with inflation’. In retrospect, ‘dealing with inflation’ can indeed be seen as central to Thatcherite economic ideas and policy, and for three reasons.
- Jim Tomlinson
- 2012
Mrs Thatcher introduced revolutionary economic policies which had a deep impact on the UK economy. They were characterised by a belief in free-markets, an effort to reduce state intervention in the economy, reduce the power of trade unions and tackle inflation. Her main policies included.
Apr 10, 2013 · Taking her cue from Friedman, she advocated monetarism, controlling the money supply with high interest rates, to tame inflation without resorting to union-negotiated pay policies. Her battle...
