The Economic Consequences of Mrs. Thatcher: Speeches in the House of Lords, 1979-1982

50 per cent acceleration achieved balance of payments Bank of England believe borrowing requirement Britain British industry Budget capacity cause Chancellor consequences cost countries decline deficit demand economic growth effect exports fact fall figures firms fiscal foreign France full employment Germany Government's happen higher imports income tax increase inflation inflationary interest rates Japan Keynesian kind Labour Government less Lord Cockfield major manufacturing industry manufacturing output Milton Friedman minimum lending rate Ministers monetarism monetarist money supply national income nationalised Neville Chamberlain North Sea oil OPEC period Philip Snowden philosophy pound present Government private enterprise private sector production profits PSBR public enterprise public expenditure public sector rate of growth rate of inflation real wages reduce reflation relation result rise share situation speech strategy success taxation Thatcher things trade unions unemployment United Kingdom workers worse