Smiffy
Grand Slam Winner
I dunno. How many?
Haven't a clue either. But it was lots
I dunno. How many?
BL car production peaked in 1972 and was in decline thereafter. Who was in power in 1972? I don't think it was Labour.
Thatcher turned it upside down, not around, and sold off most of the decent stuff for a song, with profits going to Germany, France, Japan or the US thereafter. Most of the British makes bought it due to poor outdated design and poor manufacturing quality.
As far as I'm concerned, she did an alright job.
Do you think it's the Governments job to design cars? Can you explain exactly what decent stuff Mrs Thatcher sold off for a song with the profits going to Germany, France, Japan or the US please? Exactly who's fault was the outdated design and poor manufacturing quality?
I worked during this period for British Aerospace and we designed iconic products like Concorde and many others. Why did she not ruin this then?
The point is that the British car industry was dying from the early 70s because it was rubbish, Labour effectively nationalised it in 1975 to try and keep it alive, Thatch did nothing to save it and actually wanted to allow it to die sooner than it did.
Thatcher was an ideologue who wanted to privatise everything, and keep inflation down at all costs, even at the cost of massive unemployment. This policy worked so well that things crashed in 1987 on Black Tuesday. By then most sensible economists knew that monetarism was not an effective policy. But Thatch did not listen to any opinions she didn't like the sound of, so she ploughed on until she was stabbed in the back by her own party.
She also started the process of deregulation in the City that contributed to the collapse in the world economy in 2008, and she started the process which is now reaching its zenith with the privatisation of the NHS.
She left a legacy all right, but it is one of relentless destruction.
The point is that the British car industry was dying from the early 70s because it was rubbish, Labour effectively nationalised it in 1975 to try and keep it alive, Thatch did nothing to save it and actually wanted to allow it to die sooner than it did.
Thatcher was an ideologue who wanted to privatise everything, and keep inflation down at all costs, even at the cost of massive unemployment. This policy worked so well that things crashed in 1987 on Black Tuesday. By then most sensible economists knew that monetarism was not an effective policy. But Thatch did not listen to any opinions she didn't like the sound of, so she ploughed on until she was stabbed in the back by her own party.
She also started the process of deregulation in the City that contributed to the collapse in the world economy in 2008, and she started the process which is now reaching its zenith with the privatisation of the NHS.
She left a legacy all right, but it is one of relentless destruction.
So when the world economy collapsed in 2008 it was down to Maggie? 18 years after she left office no one saw fault in what was happening and sought to try some form of remedial action? Really remarkable that you can hold someone to account for an event like that nearly two decades after she left office.
Without deregulation we would have had a shield against the economic downturn...
By the way, the world's economy didn't collapse, some countries are thriving.
So humour me here because I'm really thick; in the 18 years since she left power, non of the experts (each with a brain the size of Belgium) thought 'we could really be in the crap here - what we need is a degree of regulation, whether people like it or not'?
Thatcher's methods worked in the short term and the government were happy to ride the crest of that wave, even Labour... look at what Brown did with the gold reserves!
I wonder how many people posting actually lived in the era before her election and knew just how appalling the state of the country was and, tough as it was, she almost single handidly turned things round. Unpopular she was, and still is, in mining and car making areas but the pits and factories were being paid for by the tax payer and losing money as if it were going out of fashion. The unions were holding everyone to ransom and, frankly, something had to be done - they would have all gone bust anyway.
The poll tax was her disaster but I remember when it was first mooted and basically it was a sound idea - anyone working in a household paid their portion of tax. I think the problem was that for the moderate amongst us, the actual figure for each of us was set too high. As a pair living together with no kids at that time, my rates went up and not down as I was led to believe it would under the new system!
If you lived through the era, then you are more likely to mourn her passing and regret that the current crop of politicians are pale by her standards.
I recall she stopped milk in schools and I also remember a wee ditty that used to sung by the kids about this.... "Thatcher Thatcher the Milk Snatcher" or something like that.![]()
Of course it wasn't all her fault but a few that followed, including Blair, bought the ideology, much like many US politicians bought the Reaganomics story.So when the world economy collapsed in 2008 it was down to Maggie? 18 years after she left office no one saw fault in what was happening and sought to try some form of remedial action? Really remarkable that you can hold someone to account for an event like that nearly two decades after she left office.
Of course it wasn't all her fault but a few that followed, including Blair, bought the ideology, much like many US politicians bought the Reaganomics story.
My point is that the legend of Thatcher is that she saved the economy in the UK, but a careful examination suggests the opposite may be true. My main objection to her is actually the way she delayed peace in NI but that is another story.
My main objection to her is actually the way she delayed peace in NI but that is another story.
Now that I would like to hear, with 4 tours under my belt in some of the worst times in the late 70's and early 80's in sometimes deep C.O.P, I like to know how or why she delayed peace?
Next you'll be telling me that Adams and McGuinness don't have blood on their hands and should be listened to and trusted!
She delayed peace as she wouldn't negotiate with terrorists. Bottom line really.