Thatcher’s reforms led to today’s economic turmoil, say readers

Thatcher’s reforms led to today’s economic turmoil, say readers

Economic reforms made by Margaret Thatcher during her tenure as prime minister led to today's economic turmoil, say Accountancy Age readers

THE ECONOMIC REFORMS brought in by late prime minister Margaret Thatcher eventually led to today’s financial turmoil, according to Accountancy Age readers.

Of the nearly 200 readers polled, 60% felt policies such as privatising state-owned industries and de-regulation of financial services fired the starting gun for an economic process that culminated in the 2008 financial crisis and today’s economic sluggishness.

The remaining 40%, however, felt Thatcher’s actions steered the economy to safety from what had been an extremely low base.

When Thatcher came to power in 1979, Britain was derided as the ‘sick man of Europe’, with its previously strong manufacturing industry falling behind the US, Japan and Europe in terms of productivity and quality.

She died on 8 April this year having served as prime minster for 11 years between 1979 and 1990 and was one of the most divisive political figures of modern British history.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource