Margaret Thatcher’s Achievements as Prime Minister in the Years 1979-1990 Were Limited.

941 Words Feb 14th, 2012 4 Pages
‘Margaret Thatcher’s achievements as Prime Minister in the years 1979-1990 were limited.’

Assess the validity of the statement.

Margaret Thatcher's political career has been one of the most remarkable of modern times she served as British Prime Minister for more than eleven years (1979-90), a record unmatched in the twentieth century.
During her term of office she reshaped almost every aspect of British politics, reviving the economy, reforming outdated institutions, and reinvigorating the nation's foreign policy. She challenged and did much to overturn the psychology of decline, which had become rooted in Britain since the Second World War, pursuing national recovery with striking energy and determination. In the process, Margaret
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Her economic policies were another success for Thatcher’s regime. Thatcher’s policies were monumental changes for Britain. Privatisation and deregulation were famous changes implemented by Thatcher. The policy of Privatisation has been called "a crucial ingredient of Thatcherism". After the 1983 election the sale of state utilities accelerated; more than £29 billion was raised from the sale of nationalised industries, and another £18 billion from the sale of council houses. The process of privatisation, especially the preparation of nationalised industries for privatisation, was associated with marked improvements in performance, particularly in terms of labour productivity. Some of the privatised industries including gas, water, and electricity, were natural monopolies for which privatisation involved little increase in competition. The privatisation allowed people to become more involved in the buying of shares in companies. Although this did not work as well as Thatcher would have hoped as many of the richer part of society bought as many shares at they could. Many people denounced this policy as an Elitist policy. The privatisation of public companies was combined with financial deregulation in an attempt to encourage economic growth. Geoffrey Howe Thatcher’s Chancellor of the
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