A. Inflation, Unemployment and a Junta– The First
Thatcher Government
B. Privatization and the ‘Enemy Within’ – The
Second Thatcher Government
C. Europe and Downfall – The Third Thatcher
Government
D. Consolidation and Drift – The Major Government

The Battle Against Inflation






Monetarism in theory and practice
Mass unemployment, deindustrialization and riots
364 economists can’t be wrong…or they can
‘Drys’ v ‘Wets’ and ‘The Lady’s not for turning.’
‘Get on yer bike’
Divisions on the Left

The Social Democratic Party
Neither is
anyone else…
“You turn if you want…

The Falklands War



Argentine Generals face the Iron Lady
Domestic Political Impact
The 1983 Election



‘The longest suicide note in history’
A mold unbroken
Thatcher triumphant
The ‘Gang of Four’ of the
Social Democratic Party
Labour’s Michael Foot

Kinnock
smacks
down
Militant...
Labour in the Wilderness



1984 Brighton Bombing
Privatization




Council Houses
Nationalized Industries
The ‘Big Bang’ in The City
‘The Enemy Within’

…Scargill
is smacked
down by
Thatcher
Kinnock fights back


The 1984-5 Miners Strike
The Iron Lady versus King
Arthur
Miners defeated; unions crushed;
Tories rule


Thatcher and the Cold War
Economic Management


Thatcher Against Europe


The ERM
Bruges Speech
Thatcher Downfall




The Poll Tax
“I am enjoying this!
‘On and On’ and ‘No, No, No’
Howe and Heseltine put the knife in…
….Major wins the prize

The first Major Government



The second Major
Government






Maastricht and Opt-Outs
A surprise victory
Black Wednesday
Divisions over Europe
Sleaze and Drift
Mad Cows and BSE
A New Labour Face
Tories into the Wilderness
The grey man of
British politics
90.0
Rest of G-7
UK per capita GDP against Rest of G-7
110.0
105.0
100.0
95.0
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
1990
1989
1988
1987
1986
1985
1984
1983
1982
1981
1980
1979
1978
1977
1976
1975
1974
1973
1972
1971
1970
Rest of G-7
UK
Tony Blair
Elected
John
Major
85.0
80.0
75.0
Index of average per capita GDP
110.00
UK GDP against France, Germany, and Italy
105.00
100.00
Fr., It., Ger.
AVG
95.00
UK
90.00
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
85.00
Index of Avergae per capita GDP of France, Germany, and Italy
Per capita GDP of United Kingdom
SOURCE: IMF World Economic Outlook Database (Oct. 2010)