BRITISH GOV'T UNDER MARGARET THATCHER

KEY TERMS

• Free market- gov't doesn't interfere with the workings of the economy.
• Big Bang- deregulation financial/stock markets in London
• Privatization- transfer from public to private ownership

UNDER THATCHER

• Privatization on manufacturing companies improved the economy.
• Reduction in gov't deficit and income taxes.
• Unemployment rates decreased.
• Reduction in trade unions, labor markets, and taxes were part of the policy.
• Euroskepticism- Thatcher didn't want Britain to follow the EU economic policies.

BIBLIOGRAPHY

• Pym, Hugh. "Margaret Thatcher's economic legacy." BBC News. http://www.bbc.com/news/business-22073527 (accessed May 1, 2014).
• Batchelor, Roy. "Viewpoints: How did Thatcher change UK?." BBC News. http://www.bbc.com/news/uk-politics-22076774 (accessed April 30, 2014).