The Mudcat Café TM
Thread #78348   Message #1414178
Posted By: EagleWing
18-Feb-05 - 02:30 PM
Thread Name: BS: Forthcoming UK election - important issue
Subject: RE: BS: Forthcoming UK election - important issue
"Over eighteen years Maggie Thatcher's government reduced inflation from 21.9% inherited from Wilson/Callaghan to less than 3%, before she went mad and imploded."

Over a much shorter time Maggie Thatcher's government increased unemployment to about 3 million compared with the 1 million she inherited. I don't suppose all those people thrown out of work and then called spungers really noticed the drop in inflation that much.

Quote: "during her first two terms unemployment nearly tripled, the number of poor people increased, and bankruptcies resulted from her efforts to curb inflation."
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