To what extent was Margret Thatcher's premiership a failure economically?

Margret Thatcher did succesfully tame excessive inflation rates through the use of monetarist polices. However, this came with the oppertunity cost of rising unemployment as well as a shift away from the industrial sector. During Thatcher's premiership coal production fell drastically, reaching the lowest point in 1984 shortly after the battle of Orgreave. Rising unemployment and economic reallignment during this period prevented Britain from achieving a real GDP output which rivalled the previous prosperity of the 50s and 60s.

MB
Answered by Matthew B. History tutor

2828 Views

See similar History A Level tutors

Related History A Level answers

All answers ▸

How do I structure an essay in an exam?


How successful was Henry VII in strengthening royal authority in the years 1487 to 1509?


How do you write a worthwhile plan under exam pressure?


'The lives of the Russian peasants were transformed in the years 1928 to 1964.' Assess the validity of this view


We're here to help

contact us iconContact ustelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

MyTutor is part of the IXL family of brands:

© 2026 by IXL Learning