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

2612 Views

See similar History A Level tutors

Related History A Level answers

All answers ▸

To what extent was the Scramble for Africa due to power dynamics within Europe?


'The personalities of the early Stuart monarchs were responsible for a breakdown in relations betweeen Crown and Parliament in the years 1604 to 1629' Assess the validity of this view. [25]


How do I know what examples to use in a depth essay?


How should I write a conclusion to a history essay?


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:

© 2025 by IXL Learning