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She reduced the power of the trade unions, cut back the role of the government in business, and dramatically expanded home ownership, which were expected to create a more entrepreneurial culture. She also cut back the welfare state and fostered a more flexible labour market which would create jobs and could adapt to market conditions...
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"Reaganomics" is remembered by a 25% cut in the income tax, reduction in inflation, reduction in interest rates, increased military spending, increased deficits and national debt, elemination of loopholes in the tax code, and deregulation of business. This was achieved through "Thatcherism." The policy changes made by these two great friends were extremely similar in design and results...
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