Thatcher poll: worst or best

ukcarper

Graham_Devon wrote: »

You mean Tory MPs?

Yes her own party the ones praising her now.

cepheus

Here’s evidence to show Thatcher’s economic model didn’t work

The record on recessions ( percentage fall in output )





The record on productivity: ( growth in productivity per annum, UK, )

Graham_Devon

cepheus wrote: »

Here’s evidence to show Thatcher’s economic model didn’t work

How does that show it didn't work?

The country was screwed when she took power. She can't just wave a magic wand and have growth the next week.

cepheus

Graham_Devon wrote: »

How does that show it didn't work?

The country was screwed when she took power. She can't just wave a magic wand and have growth the next week.

Follow the link. Things got worse for years not weeks, and there was no long term benefit. Unemployment soared and has never recovered to this day. Thatchers 'success' is an illusion for the rich, who did a lot better.

In the post-war era, the UK’s growth rate averaged 3 per cent a year. Since 1980, it has averaged 2.2 per cent. Why? Because productivity rates have fallen. Despite greater market freedom, and a growing profit share, productivity growth ( the rate of increase of productive capacity ) has averaged 1.9 per cent a year from 1980-2008 compared with an annual average rise of 3 per cent from 1961-1973.

StevieJ

Graham_Devon wrote: »

How does that show it didn't work?

The country was screwed when she took power. She can't just wave a magic wand and have growth the next week.

But it wasn't screwed, inflation was falling, govt finances were improving rapidly and the unions were being confronted (the reason for the winter of discontent).

dryhat

cepheus wrote: »

Follow the link. Things got worse for years not weeks, and there was no long term benefit. Unemployment soared and has never recovered to this day. Thatchers 'success' is an illusion for the rich, who did a lot better.

Many people forget (or were not around at the time) - but after a few years in power, maggie was thoroughly despised in this country by the majority of the people.

If it wasn't for the falklands she would have been history after the 1983 election.

Mallotum_X

cepheus wrote: »

Thatchers 'success' is an illusion for the rich, who did a lot better.

And that sums up my thoughts exactly.

This can be explained in all sorts of ways by people from both the left and the right but basically the richer in society did well. And the poorer were screwed.

Even worse many of the poorer were given a few bones that screwed over yet more of the poorer - eg flogging off the housing stock.

There was no economic miracle, any more than Brown ended boom and bust. She was just more charismatic.

purch

StevieJ wrote: »

But it wasn't screwed, inflation was falling, govt finances were improving rapidly and the unions were being confronted (the reason for the winter of discontent).

That must have been why she "only" managed a 10% swing in the 79 election

greenface

As a 60s child from Merseyside seeing the torys close both my parents factorys they worked and my friends suicide due to no prospect at the victory of second term . No work and no way out for many people around .I left school in the early 80s surrounded by tory & MT hatred .I think she was just the big boss in a bad cart of rotten apples . (as every PM is ) Camel Lairds,Docks & Falklands & Hillsborough directly affecting my direct family i am just sorry to hear she died peacefully. But i do really dislike phoney blair , cameron & Major too.

Thrugelmir

cepheus wrote: »

The record on productivity: ( growth in productivity per annum, UK, )

Better than a Chancellor that after ten years believed he had personally abolished bust.

What's his eptiaph going to be ?

Long after Mrs T has been put to rest. His legacy to the UK is going to come up over and over again. All for the wrong reasons.