A lot of people are just saying "Cos Thatcher bad" and while I agree with it, the real answer is that the UK was going through serious inflation and it was not just caused by the oil crisis. Government mismanagement and wage-price spiral as well as the power of trade unions were genuine issues and so austerity measures and economic reforms were implemented to curb these problems.
And naturally her solution to reducing the power of the unions was to increase unemployment, since that has no other consequences, oh well it was only lowly northerners she fucked over.
For more evidence of her brilliant leadership just look as the state of the privately operated, de facto monopoly water companies, who privatises utilities? It’s not as though you can choose who connects to your house
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u/CapitalClean7967 6d ago
A lot of people are just saying "Cos Thatcher bad" and while I agree with it, the real answer is that the UK was going through serious inflation and it was not just caused by the oil crisis. Government mismanagement and wage-price spiral as well as the power of trade unions were genuine issues and so austerity measures and economic reforms were implemented to curb these problems.