Yah Flashcards
1951 FPTP
Labour got 0.8% more of the vote // Tories 26 more seats -> won cos FPTP
EU key events 1997-2007
1997 Treaty of Amsterdam - amendment&consolidation of existing treaties
1999 launch of Euro
2001 - Treaty of Nice - reform of institutions to cope w/ expansion
2004 - expansion of EU from 15 to 25 states
2004 - Establishment of a constitution
2007 - enlargement of EU to 27 states
2007 - Treaty of Lisbon - to increase democracy (replacing 2004 constitution)
Military intervention March 1999
NATO bombing of Yugoslavia led by British forces
Intervention Sierra Leone
May 2000 to resolve CW
Thatcher society quote
Interview 1987 - ‘there’s no such thing as society’
-> lack of compassion
Black Wednesday
16/09/92
Wobble on the stock exchange
Interest rates were raised from 10% -> 12% -> 15%
Economy suffered ST (but then acc led to economic boom)
Politically made Major look incompetent
Unemployment under Thatcher
1980 2m
1983 3m
Not until end of 80s she gets unemployment down (//inflation 10% by 1990)
Privatisation e.g Thatcher
Jaguar 1984 , BA 1987
Inflation Thatcher
(Recession by 1980) 1980 15%
1983 5%
1986 2.5%
1990 10%
Prices and incomes policy 1960s
1965
In Place of Strife
1969
Social contract
1973
North Sea oil….
…comes ashore 1975
IMF Loan 1970s
1976
Inflation 1970
12%
1978 inflation & unemployment
Inflation 10%
Unemployment 1.6m
2 main Thatcher policies
1980 Housing Act
1990 Poll Tax
Supply side economics
From 1983
E.g privatisation , deregulation
Miners strike Thatcher
1984/5
Employment Acts
1980/2
-> allow Thatcher to take on miners
Big Bang in the City
1986
OMOV
Labour intro in 1993
Gets rid of TU block vote
Reduces TU influence
1995 &;Labour ?
Labour abandon Clause IV
-> started to get support from big business
Acceptance of Thatcherite policies
1997 inflation
2.6%
Scottish &Welsh devolution
1998
Labour from 2001
Massive injection of cash in public services