A Level History Britain-Thatcher Practice Questions and Answers

Conviction politics The belief that politics should be down to the individual ideas of each politician, not compromise/consensus Thought private companies were more efficient than government agencies as they had to make a profit whereas the government could afford to be wasteful What did Thatcher think of private vs government agencies? Welfare, unions, state intervention 3 things that Thatcher opposed Rule of Law Believing in the utmost importance of British law in politics to defend individual rights Nationalism Believing in the values of Britishness Monetarism Spending cuts; belief that too much money in the economy led to inflation £2 billion How much did government spending drop by 1980-81? 1981 When was there a particularly controversial budget with higher taxes and cuts to welfare? Increased taxes, cuts to health, benefits, education What controversial measures were implemented in the 1981 budget? 364 How many ministers wrote a letter protesting the controversial 1981 budget? 1982 When was monetarism replaced by supply side economics? Wanted to reduce spending on nationalised industries, and so allowed some industries to decline What did the government do to nationalised industries 1979-82? Widespread job losses as companies had to let go of workers in order to be profitable What impact did government cuts to aid given to struggling nationalised industries have on unemployment? Industries made profitable, then sold to private shareholders What are the 2 steps of privatisation?