Heading for the Wire

Lejeune, Anthony
April 1982
National Review;4/30/1982, Vol. 34 Issue 8, p488
The article discusses the failure of British Prime Minister Margaret Thatcher's economic policies. The total amount of public spending has increased in the country. Thatcher's government is accused of limiting the money supply and ignoring the plight of the unemployed. The rate of inflation is decreasing but at a slower rate. Thatcher has failed to cut public spending. Her government has promised to reduce the burden of taxation but it has marginally reduced income tax while increasing value-added tax. So, the overall tax burden is more as compared to previous years.


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