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Thatcherites
Thatcherism is a form of British conservative ideology named after Conservative Party leader Margaret Thatcher that relates to not just her political platform and particular policies but also her personal character and style of management while in office. Proponents of Thatcherism are referred to as Thatcherites. The term has been used to describe the principles of the British government under Thatcher from the 1979 general election to her resignation in 1990. In international terms, Thatcherites have been described as a part of the general socio-economic movement known as neoliberalism, with different countries besides the United Kingdom (such as the United States) sharing similar policies around expansionary capitalism. Thatcherism represents a systematic, decisive rejection and reversal of the post-war consensus inside Great Britain in terms of governance, whereby the major political parties largely agreed on the central themes of Keynesianism, the welfare state, n ...
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British Conservative
The Conservative and Unionist Party, commonly the Conservative Party and colloquially known as the Tories, is one of the two main political parties in the United Kingdom, along with the Labour Party (UK), Labour Party. The party sits on the Centre-right politics, centre-right to Right-wing politics, right-wing of the Left–right political spectrum, left-right political spectrum. Following its defeat by Labour at the 2024 United Kingdom general election, 2024 general election it is currently the second-largest party by the number of votes cast and number of seats in the House of Commons of the United Kingdom, House of Commons; as such it has the formal parliamentary role of His Majesty's Most Loyal Opposition. It encompasses various ideological factions including One-nation conservatism, one-nation conservatives, Thatcherism, Thatcherites and Traditionalist conservatism, traditionalist conservatives. There have been 20 Conservative Prime Minister of the United Kingdom, prime minis ...
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Privatisation
Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous natio ...
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Deregulation
Deregulation is the process of removing or reducing state regulations, typically in the economic sphere. It is the repeal of governmental regulation of the economy. It became common in advanced industrial economies in the 1970s and 1980s, as a result of new trends in economic thinking about the inefficiencies of government regulation, and the risk that regulatory agencies would be controlled by the regulated industry to its benefit, and thereby hurt consumers and the wider economy. Economic regulations were promoted during the Gilded Age, in which progressive reforms were claimed as necessary to limit externalities like corporate abuse, unsafe child labor, monopolization, and pollution, and to mitigate boom and bust cycles. Around the late 1970s, such reforms were deemed burdensome on economic growth and many politicians espousing neoliberalism started promoting deregulation. The stated rationale for deregulation is often that fewer and simpler regulations will lead to raise ...
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New Labour
New Labour is the political philosophy that dominated the history of the British Labour Party from the mid-late 1990s to 2010 under the leadership of Tony Blair and Gordon Brown. The term originated in a conference slogan first used by the party in 1994, later seen in a draft manifesto which was published in 1996 and titled '' New Labour, New Life for Britain''. It was presented as the brand of a newly reformed party that had altered the old Clause IV (which stressed nationalisation) and instead endorsed market economics. The branding was extensively used while the party was in government between 1997 and 2010. New Labour was influenced by the political thinking of Anthony Crosland and the leadership of Blair and Brown as well as Peter Mandelson and Alastair Campbell's media campaigning. The political philosophy of New Labour was influenced by the party's development of Anthony Giddens' Third Way which attempted to provide a synthesis between capitalism and socialism. The ...
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Tony Blair
Sir Anthony Charles Lynton Blair (born 6 May 1953) is a British politician who served as Prime Minister of the United Kingdom from 1997 to 2007 and Leader of the Labour Party (UK), Leader of the Labour Party from 1994 to 2007. He was Leader of the Opposition (United Kingdom), Leader of the Opposition from 1994 to 1997 and held various shadow cabinet posts from 1987 to 1994. Blair was Member of Parliament (United Kingdom), Member of Parliament (MP) for Sedgefield (UK Parliament constituency), Sedgefield from 1983 to 2007, and was special envoy of the Quartet on the Middle East from 2007 to 2015. He is the second-List of prime ministers of the United Kingdom by length of tenure, longest-serving prime minister in post-war British history after Margaret Thatcher, the longest-serving Labour Party (UK), Labour politician to have held the office, and the first and only person to date to lead the party to three consecutive general election victories. Blair attended the independent s ...
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The Daily Telegraph
''The Daily Telegraph'', known online and elsewhere as ''The Telegraph'', is a British daily broadsheet conservative newspaper published in London by Telegraph Media Group and distributed in the United Kingdom and internationally. It was founded by Arthur B. Sleigh in 1855 as ''The Daily Telegraph and Courier''. ''The Telegraph'' is considered a newspaper of record in the UK. The paper's motto, "Was, is, and will be", was included in its emblem which was used for over a century starting in 1858. In 2013, ''The Daily Telegraph'' and ''The Sunday Telegraph'', which started in 1961, were merged, although the latter retains its own editor. It is politically conservative and supports the Conservative Party (UK), Conservative Party. It was moderately Liberalism, liberal politically before the late 1870s.Dictionary of Nineteenth Century Journalismp 159 ''The Telegraph'' has had a number of news scoops, including the outbreak of World War II by rookie reporter Clare Hollingworth, desc ...
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1987 United Kingdom General Election
The 1987 United Kingdom general election was held on Thursday 11 June 1987, to elect 650 members to the House of Commons. The election was the third consecutive general election victory for the Conservative Party, who won a majority of 102 seats and second landslide under the leadership of Margaret Thatcher, who became the first Prime Minister since the Earl of Liverpool in 1820 to lead a party into three successive electoral victories. The Conservatives ran a campaign focusing on lower taxes, a strong economy and strong defence. They also emphasised that unemployment had just fallen below the 3 million mark for the first time since 1981, and inflation was standing at 4%, its lowest level since the 1960s. National newspapers also continued to largely back the Conservative government, particularly ''The Sun'', which ran anti– Labour Party articles with headlines such as "Why I'm backing Kinnock, by Stalin". Labour, led by Neil Kinnock following Michael Foot's resigna ...
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Solihull
Solihull ( ) is a market town and the administrative centre of the Metropolitan Borough of Solihull, in the West Midlands (county), West Midlands, England. Solihull is situated on the River Blythe in the Arden, Warwickshire, Forest of Arden area. The town had a population of 126,577 at the 2021 Census, and its wider borough had a population of 216,240. The town is located 7.5 miles (12 km) southeast of Birmingham and 14 miles (21 km) west of Coventry. Solihull itself is mostly urban; however, the larger borough is rural in character, with many outlying villages, and three quarters of the borough designated as green belt. The town and its borough, which has been part of Warwickshire for most of its history, has roots dating back to the 1st century BC, and was further formally established during the medieval era. Today the town is famed as, amongst other things, the birthplace of the Land Rover car marque, home of Solihull Moors FC and the training facilities for the Br ...
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British Nationalism
British nationalism asserts that the British people, British are a nation and promotes the cultural unity of Britons,Guntram H. Herb, David H. Kaplan. Nations and Nationalism: A Global Historical Overview: A Global Historical Overview. Santa Barbara, California, USA: ABC-CLIO, 2008. in a definition of Britishness that may include people of English people, English, Scottish people, Scottish, Welsh people, Welsh, and Irish people, Irish descent (those living in both Northern Ireland and Great Britain and historically the whole of Ireland when it was within the United Kingdom). British nationalism is closely associated with British unionism, which seeks to uphold the political union that is the United Kingdom, or strengthen the links between the countries of the United Kingdom.. British nationalism's unifying identity descends from the Britons (Celtic people), ancient Britons who dwelt on the island of Great Britain. British nationalism grew to include people outside Great Britain, ...
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Tax Cut
A tax cut typically represents a decrease in the amount of money taken from taxpayers to go towards government revenue. This decreases the revenue of the government and increases the disposable income of taxpayers. Tax rate cuts usually refer to reductions in the percentage of tax paid on income, goods and services. As they leave consumers with more disposable income, tax cuts are an example of an expansionary fiscal policy. Tax cuts also include reduction in tax in other ways, such as tax credit, deductions and loopholes. However, sometimes a tax cut can increase tax revenue, as economist Thomas Sowell explains: :"What actually followed the cuts in tax rates in the 1920s were rising output, rising employment to produce that output, rising incomes as a result and rising tax revenues for the government because of the rising incomes, even though the tax rates had been lowered." How a tax cut affects the economy depends on which tax is cut. Policies that increase disposable inco ...
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Government Spending
Government spending or expenditure includes all government consumption, investment, and transfer payments. In national income accounting, the acquisition by governments of goods and services for current use, to directly satisfy the individual or collective needs of the community, is classed as government final consumption expenditure. Government acquisition of goods and services intended to create future benefits, such as infrastructure investment or research spending, is classed as government investment (government Gross fixed capital formation, gross capital formation). These two types of government spending, on final consumption and on gross capital formation, together constitute one of the major components of gross domestic product. Spending by a government that issues its own currency is nominally self-financing. However, under a full employment assumption, to acquire resources produced by its population without potential inflationary pressures, removal of purchasing power m ...
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