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The People’s PeaceBritish History 1945-1989$
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Kenneth O. Morgan

Print publication date: 1990

Print ISBN-13: 9780198227649

Published to Oxford Scholarship Online: March 2012

DOI: 10.1093/acprof:oso/9780198227649.001.0001

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High Noon for the New Right—Resurgence or Retreat? 1983–1989

High Noon for the New Right—Resurgence or Retreat? 1983–1989

Chapter:
(p.468) 13 High Noon for the New Right—Resurgence or Retreat? 1983–1989
Source:
The People’s Peace
Author(s):

Kenneth O Morgan

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198227649.003.0013

Margaret Thatcher's second term was characterized by increasing radicalism through policies such as the privatization of industries and utilities and the reversal of corporatism. Supply-side financial policies leaned towards public spending and personal taxation cuts. Thatcher also adopted a rigid stance in industrial relations and successfully engineered the end of union monopoly in the labour market. Public sector institutions such as the Stock Exchange, the Civil Service Department, and the British local government were restructured and modified. The Thatcher government also made inroads in ushering changes to the Art Council, the press, the educational system, and even the Church. This move towards centralization and state control was criticized as too dictatorial. Foreign relations were as strong as ever, thanks in great part to Britain's strong leadership. As with all great stories, the end of Thatcher's term showed signs of decline in domestic popularity and international status.

Keywords:   Margaret Thatcher, radicalism, privatization, Stock Exchange, Civil Service Department, local government, centralization, Church, Art Council

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