Despite all the efforts that Margaret Thatcher had put forward towards the economic recovery of Britain, it was at this time that Britain received the highest unemployment level since 1923 (Arnestein, 2001). Most of her policies rendered very many people jobless due to the high tax rates and the high inflation rates that she had created at that time. However, after the economy of Britain had recovered its health, employment opportunities started to open and the rates of unemployment started to decrease.
In order to weaken these trade unions completely, Thatcher promoted privatization, which is, encouraging the workers to own part of the companies therefore, removing the need of these trade unions (Arnestein, 2001). The workers of these companies were offered cut out shares, which encouraged them to buy the shares and become co-owners of the business. In addition to this, Thatcher encouraged people to own their own houses and during this period, she made it easy and possible for the workers to buy the council houses. Cash that was generated from buying this houses and the sale of shares was used to recover the areas where there were budget deficit.
James Crossley, a professor of Bible, Society and Politics, analyzes the story of Easter across the political spectrum, using Monty Python’s ‘The Life of Brian’ and political movements of the last half-century in Great Britain to interpret the story of Easter in the passion gospel. Crossley explores Thatcherism and how her vision of…
Before Margaret Thatcher had signed the policies, the education system was characterized by unqualified teachers, schools being owned and controlled by the different Members of Parliament and a poor education curriculum, which was being set by the teachers. Thatcher changed this, made the school education curriculum to be reviewed by government professionals, and changed the power of control from the MPs to the provision of the school to perform self-government.
Another event in the Thatcherism era, which was being experienced, was the strong stranglehold labor unions, which had weakened the economy of Britain in the earlier years before she came into power. Margaret Thatcher made policies, which put pressure that weakened these unions and 1984 she signed a policy, which was elected through a secret ballot. It made it difficult for strikes. Therefore, this meant that the unions could no longer hold strikes, which could affect the economical health of Britain.
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