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Words: | Submitted: Mon Jul 19 2004
... the world governments are almost regardless of party introducing economic reforms resembling the Thatcherite programme. This suggests that Thatcherism in Britain was a necessary adjustment to changing patterns in the world economy." Thatcher attempted to introduce historically different policies and to replace the cooperative policy style of British government. The most important changes Thatcher made were economic and these policies were three fold. Her first and probably most famous was an attempt to change the structure of ownership. In the 1980's Thatcher privatised nearly half of the services, which had previously been publicly owned in 1979. The Thatcher government thought that doing this would generate income helping to cut taxes. Although many labour supporters thought that this would see services such as the railways going down hill. Secondly, Thatcher attempted to change the structure of benefits. The Thatcher government decided to cut the taxes of the very rich whilst reducing ...
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