Mrs. Thatcher adamant on economic policies

In one of her bluntest speeches in 15 months of office, Prime Minister Margaret Thatcher said Britain's long postwar decline "arises more from our own shortcomings than from anything else." She insisted she will not budge from monetarist policies designed to right Britain's economy by cutting the annual inflation rate, not at 16.9 percent, and rejected Labour leader James Callaghan's demand for the recall of Parliament to debate the unemployment problem. Mrs. Thatcher's monetarist policies, the most severe of any industrialized nation, are widely blamed for a jump in unemployment to 8.3 percent and growing numbers of bankruptcies.

Share this story:

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK