Margaret Thatcher’s Economic Policies: An EvaluationAbstractMargaret Thatcher inherited an ailing economy, which was the result of several factors inclusive of actions by the previous Labour government, as well as some which were peculiar to Britain. The pivotal focus of her economic policy was reduction in the influence of the public sector, on which she launched a frontal attack by systematically defeating the labour unions, especially in the manufacturing and mining industries, and fall in unemployment and inflation. These were her highest priorities when she assumed office.These were the themes around which her doctrine to tackle these issues, Thatcherism, was predicated. Although the broad term also had some political and cultural connotations,[1] they were essentially economic in nature. The rot that had set in into the economy necessitated major, radical actions on her part; she had to antagonise the labour unions and the public sector, and had to revitalise the ailing economy.
