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

2389 Views

See similar History A Level tutors

Related History A Level answers

All answers ▸

How should I structure my A-level History essay?


“To what extent was the Weimar Constitution the main reason for the Nazi Party’s rise to power”


How has European material culture since the sixteenth century, been affected by China?


What is the difference between primary and secondary sources and when should they be used?


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 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences