The Mudcat Café TM
Thread #157132 Message #3706415
Posted By: Teribus
04-May-15 - 02:23 PM
Thread Name: BS: Pro / Anti Thatcher Squabble Thread...
Subject: RE: BS: Pro / Anti Thatcher Squabble Thread...
never knew how to run the economy either."
And she went cap in hand to the IMF to bail the country out when during the period she was in office? I know things were running so smoothly and so well that in 1976, James "Crisis, what crisis" Callaghan had to ask for £2.3 billion "the largest-ever call on IMF resources up to that point. In November 1976 the IMF announced its conditions for a loan, including deep cuts in public expenditure, in effect taking control of UK domestic policy. The crisis was seen as a national humiliation" and another Labour first.