By Stephen P. Savage, Lynton Robins, Virginia Langum
A concise and finished advent to the coverage tasks and influence of the Thatcher governments elected in 1979, 1983 and 1987. The ebook presents great insurance of the entire key coverage parts including an evaluate of the coverage approach less than Thatcher, the consistency of presidency guidelines - either internally and with the political time table of the hot correct - and their most probably long term results.
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Extra resources for Public Policy under Thatcher
Sample text
This chapter analyses the economic conditions that gave rise to Thatcherism, how this approach developed and changed in the 1980s, and why privatisation became a dominant feature. The Keynesian Approach The Keynesian approach had emphasised the role of spending (aggregate demand for goods and services) in determining the level of economic activity. By regulating the level of spending, governments controlled the level of unemployment and the rate of inflation; and by maintaining a steady increase in spending, the government stimulated increases in productivity and in standards of living.
It was generally considered that the government provision of 'merit' and 'public' goods was best financed from taxation. With 'natural monopolies' the solution typically adopted was nationalisation under a government corporation, financed by revenue from sales and subsidies from the government. ), and the extent to which the government should intervene to manage the restructuring of important industries as economic conditions changed. During the twenty years after 1945, the Keynesian policy of demand management based on fiscal policy appeared to work tolerably well.
The Scrutinies were carried out over a 90-day period by members of the department under investigation, the reports were produced quickly and some were even presented to the PM. It has been estimated that between 1979 and 1983 these exercises identified potential savings of £421 m a year (Fry 1987). The Scrutinies are an on-going process intended to make ministers and civil servants more cost conscious. Two other programmes have also emerged: MINNIS (Management Information Systems for Ministers) and FMI (Financial Management Initiative).
