The Iron Lady's legacy will not rust easily
by Charles Powell
Thirty years on from Margaret Thatcher becoming Prime Minister, it is being suggested that we have come to the end of the Thatcher era. Don't believe it. Iron does not rust that easily.
There have been reversals of the direction that she set, with the partial nationalisation of banks and the increase in the higher rate of tax to 50 per cent...
The real story is not that the Thatcher era is over but that it continues unabated. Nineteen years after she left office, no successor government has deliberately undone or reversed any of the main changes she brought about. Nor have they come up with anything better. The “Thatcher settlement” remains largely intact.
The best test of this is to imagine where Britain would be had her successors reverted to the political trajectory charted by both parties until 1979...
Read entire article at Times (of London)
Thirty years on from Margaret Thatcher becoming Prime Minister, it is being suggested that we have come to the end of the Thatcher era. Don't believe it. Iron does not rust that easily.
There have been reversals of the direction that she set, with the partial nationalisation of banks and the increase in the higher rate of tax to 50 per cent...
The real story is not that the Thatcher era is over but that it continues unabated. Nineteen years after she left office, no successor government has deliberately undone or reversed any of the main changes she brought about. Nor have they come up with anything better. The “Thatcher settlement” remains largely intact.
The best test of this is to imagine where Britain would be had her successors reverted to the political trajectory charted by both parties until 1979...