In fact even then in policy application essentially an aspirational exhortation:
But the lady turned less than her successor (p. 3):
…During Margaret Thatcher’s premiership public spending grew in real terms by an
average of 1.1% a year, while during John Major’s premiership it grew by an average of 2.4%
a year…
Moreover, given economic growth, this happened:
…
The Thatcher government brought public spending down from 48.1 per cent of national income in that year to 41.6 per cent in 1987-1988…
Via Rob Snow of CFRA Ottawa (and Denise):
…
Tuesday, August 30, 2011
Afternoon Edition – Tuesday’s Political Hour – The Strategists…
There’s two sides to everything. Control of public spending is clearly one that has got out of control in Britain. However, p13 of the document shows that Britain’s public spending growth, while excessive has been relatively modest compared to other EU states.
What is to a large extent ignored is the truly dismal economic growth in Britain over the past 15 years. Much of the blame for low growth or no growth in Britain can be attributed to the massive regulatory overburden imposed by the EU on its client states. Not only do these have a direct economic cost, they massively increase the cost of business for new startups. The size of the EU regulatory overburden cannot be understated. If you printed out a single copy of the EU regulatory diktats, the resulting amount of paper would fill about 10 railway boxcars.
Without addressing the regulatory burden, Britain will never have any economic recovery and never balance its budget no matter how much it cuts government spending.
Still waiting for the day the neo-Con blue Liberals Harperites ratchet down spending.
This is kinda of an incoherent post – quite unlike smalldeadanimals.com’s usual standard
From that speech Maggie doesn’t seem to have realized that if the tax thing doesn’t pan out you can also borrow endless amounts of money from China. It’s a real problem solver.
Thatcher also stated that the govt should be our servant not our master…..I feel like a slave these days.
cgh re: regulatory burden – it’s not a bug, it’s a feature.
and please don’t use those “but it’s not as bad as…” arguments. they are pointless. i’m going to die but you’re going to be deaderer. so what?
it’s the same argument that our despicable jim foolhearty made to bail out gm… cuz the american’s were doing it so we should too, at the cost of a mil per job. oh and they paid it back by borrowing more. good on em.
Still waiting for the day the neo-Con blue Liberals Harperites ratchet down spending.
Parliament is still in recess since the writ was dropped earlier this year.
It’s a shiny new majority coming, Mark.
As I have said on these pages before, Britain had two leaders in the 20th century. One was Winston Churchill and the other was the Iron Lady. God bless both.
They may have had their weak points, but we all do. Britain desperately needs a leader of that stature today to deal with fiscal issues and militant Islam, as does our neighbour to the south.
@cgh, various types of regulatory overburden has also greatly increased the cost of doing business in the municipalities across the country.
Viewing this video should be mandatory for every high school and university student at the start of every year until they quit or graduate.
If ANY of the political leaders of today had 1/2 the jam that lady had we would not be in the mess we are today. And those of you that try to place todays circumstance on what she did back then GET A LIFE. She would be just as effective and strong today as she was then and would drive the progressives and liberals right up the wall.
No disrespect to Margaret Thatcher, who was indeed a great PM, but she also had the good fortune of governing during Britain’s North Sea oil boom. A lot of the economic growth in the UK during the 1980s and 90s was a direct result of oil export revenues.
Now the oil has dried up, and Britain is a net importer since 2005. That factor alone explains a lot of their troubles.
God I miss that woman! If more conservative politicans simply talked to the people like she did there wouldn’t be the economic dispair that exists today.
True, the North Sea oil boom was an economic boost to Britain, you have to give the Iron Lady credit that she didn’t use that as an excuse to spend more. Government should not grow with the economy mainly because it doesn’t shrink with the economy. You only have to look south to see the folly in runaway government growth.
Good speech from Mrs. Tatcher
but
one big element is missing
she never talk about low income and poor people
so her speech help politician and other mid class and her speech help rich and tax payer to make sure thier book of accounting balance
how about
if rich or some group try to take a ladder and go fast and smash so many poor behind for him or her to look for more money for himself
saying do not worry if I get rich i will you poor for sure
this is like family parent who send their kids to medical school wish one day boy or girl become a doctor and pay parents so me charity money
if they alive enough to receive rich boy some day
good country is country to destroy big gap among rich and mid class and mid class with poor
you can see in Africa and India rich and poor has big gap and ignore each other class of society and not civilized people
as you can see so many country of rich leader in africa deal with poor people more than West and North America
so in Result:
if you go and become rich using and misusing system and poor this called big capitalism
that find in old history kingdom take horse and take one land to become rich
now today some rich take right of poor and their right of small business ideas stealing for them become richer…
then bordery of some one turn down country and turn down rich and turn down poor is for how to sake wealth and transfer the wealth
if transfer of wealth done wrongfully and abusivily by steal each other seats and power of government and change rejim
you will wonder all is old fashion system but more fashion way
I mean donkey is same donkey just change the cloth
again I support fully rich people but in border to not smash right of poor and made big gaps
what Tatcher was speaking was right we should not see any riots in street of London today over poor and calss of different in today London