THATCHER COURSEWORK OCR
The areas in which riots had happened were suffering hihg leevls of unemployment and deprivation. Tebbit famouslyspoke ‘He didn’t riot, he got on his bike and looked for work and kept looking’. This economic realignment could also be seen in the urban decay of many inner city areas. Some lost their jobs as privatised companies cut back on staff, and others found that they could no longer rely on long-term job security and on reliable pension provision. Britain’s economy was moving away from being based on manufacturing and heavy idnsutry and becoming based on services.
The government would interfere as little as possible in terms of legislation towards businesses, and therefore removed the ‘red tape’. Young people could no longer expect to follow their parents into work, causing many to have to move away. It lead to investment and regeneration in some areas. What were the successes of economic realignment? What were the consequences of privatisation?
How was deregulation carried out? Encouraging competition in order to lower prices. Long-term trends shifted economic actvitiy to the south, changing the face of many cities and towns.
Tebbit was one of the tough guys in the cabinet. Bus companies were deregulated to encourage competition. This changed British society in a fundamental courwework as it promoted the capitalist streak that the polocy thatched within the individual, giving the potential for social mobility as it generated wealth, another important policy of Thatcher’s.
However, in areas that had never known anything else but coal mines, shipyards and steelworks, people faced painful adjustments. Thatcherism and the End of Post-War Consensus.
Courseworrk encourage expansion or further investment into business. It blew away old tradition and is credited with restoring London’s position as a world financial centre. What was the ‘sus law’? Privatisation was drvien by an anti-socialist ideology and became a central policy under Thatcher. Government can tax business and individuals.
Thatcher’s Economy – Revision Cards in A Level and IB History
Chapter 6 -Thatcher and the end of consensus, What were the successes of economic realignment? Supply-side economics marked a shift of emphasis rather than a change in policy.
The major turning point however was the sale of British telecom in This economic realignment could also be seen in the urban decay of many inner city areas.
Schools were entitled to opt out of the State sector and become responsible for their own financing.
Britain’s economy was moving away from being based on manufacturing and heavy idnsutry and becoming based on services. Tebbit famouslyspoke ‘He didn’t riot, he got thatcheer his courseork and looked for work and kept looking’. Sign up to Comment. The factors that caused most toruble were the poor job prospects in the inner city areas, the ‘sus law’, and the high incidence of unemployment among school leavers.
Foreign banks could now operate as stockbrokers. These old, labour-intensive industries were facing challenges from foreign competition and from technological innovation.
Financial services became an important export to the UK. The ‘Thatcher Revolution’ Supply-Side Economics Deregulation for businesses and low taxation encourages enterprise and entrepreneurship.
Thatcher () – Revision Notes in A Level and IB History
Supply-side economics argued for a return to incentives, so people would work harder and more productively if they were allowed to keep their earnings.
Deregulation for businesses and low taxation encourages enterprise and couursework.
However, many criticised privatisation as being selfish, particularly one-nation conservatives such as Harold Macmillan. It was still part of her broad programme for establishing free enterprise with privatisation and deregulation. Financial deregulation freed up the City of London and the financial markets from the tight controls of the Bank of England.
Balck people and those from ethnic minorities believed that the police unfairly targeted them. What were the consequences of privatisation?