Margaret Thatcher and Nigel Lawson did incalculable damage to this country, selling off all the assets at a loss to their mates. Cutting taxes for the rich to nothing. Creating massive unemployment and inflation. RT if you know they’re the villains
@BladeoftheS no, labor and the EU are the villains.
@BladeoftheS Never that simple Uk was in a dreadful state when she came to power In 1979 we needed fundamental change without her Labour couldn’t have achieved some of the changes made 1997 - 2005 Today top 1% earners pay 30% of all taxes the highest level for 20 years (according to LSE)
@BladeoftheS Gold sales... I'll stop there before I break X's servers with the size of the list... 🤦♂️
@BladeoftheS they where responsible for biggest rise in living standards. despite the unions going on srike at the behest of the likes of red robbo.scouse yosser.
@BladeoftheS The Reagan/Thatcher deregulation agenda released the animal spirits of chancers and chisellers.
@BladeoftheS @hedleyrees Wrong. I remember the late 70s. What a disaster. A handful of unions running the country & holding the country to ransom. Endless strikes. Hopeless nationalised industries. I also remember the incredible burst of energy unleashed in the 80s. Cutting taxes for "the rich"? Rubbish.
@BladeoftheS Rishi Sunak is doing incalculable damage now though…..
@BladeoftheS Rishi Sunak is doing incalculable damage now though…..
Slight correction. The 1970s/1980s inflation was due to an OPEC sevenfold increase in the price of petroleum over the decade 1973 to 1983. Thatcher didnt cause this but she applied the wrong policy instruments to control it. As the Bank of England repeats the same mistake today. She applied "demand pull" instruments on what is a "cost push" phenomenon. The only macroeconomic appproach to tackle this phenomenon is RIO-Real Income Objective theory and policy which tackles inflation at its root by incentivising decision analysis to reduce input costs. This was first developed in 1976 and was shown to the main political parties in the UK but the "new monetarism" and Keynesianism created an intellectual wall of resistance. These paradigms continue to dominate and are inept because both rest on the aggregate demand principle.
@BladeoftheS Thought this was Hinge and Bracket.