Buy custom DID THE MAJOR GOVERNMENT LARGELY CONTINUE THATCHERITE ECONOMIC POLICIE
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| Topic: |
Business
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| Number of pages / Number of words: |
12 / 3137 |
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Reagan and Thatcher were conviction politicians; Major and Bush guardians.
John Major faced the problem that, without any real supporting evidence, the wider community believed Thatcher's policies to have 'transformed' the economy, rather than just seeing the late 80s boom as the natural counterpart to the severe recession that preceded it...
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He was thus expected to reap the fruits of this imagined miracle, and was instead seen as failing to manage them properly on coming to office at the peak of an unsustainable boom with similarly unsustainable growth in outputs.
Inflation
Previous to 1992, the recession experienced can reasonably be considered the result of the Lawson inflationary boom of the late 1980s...
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