To what extent was Margret Thatcher's premiership a failure economically?

Margret Thatcher did succesfully tame excessive inflation rates through the use of monetarist polices. However, this came with the oppertunity cost of rising unemployment as well as a shift away from the industrial sector. During Thatcher's premiership coal production fell drastically, reaching the lowest point in 1984 shortly after the battle of Orgreave. Rising unemployment and economic reallignment during this period prevented Britain from achieving a real GDP output which rivalled the previous prosperity of the 50s and 60s.

Answered by Matthew B. History tutor

1808 Views

See similar History A Level tutors

Related History A Level answers

All answers ▸

To what extent were religious reasons the main cause of Tudor Rebellion in England in the context of years 1485-1603?


"Assess the significance of violence in democratic change in Britain, 1815-1929."


To what extent was fall of the USSR in the years 1985-1990 due to the ending of the Brezhnev Doctrine?


How do I remember all these dates?


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2024

Terms & Conditions|Privacy Policy
Cookie Preferences