Conservatives Flashcards
(12 cards)
What is one nation conservatism
Developed by Benjamin Disraeli, paternalist and pragmatic defending social order but believing people have obligations to each other.
Recognise social inequality as an issue but don’t oppose class
Keynesian mixed economy
MacMillan supported post war consensus, post 1970 support of same sex marriage and abortion, Marriage (Same Sex Couples) Act 2013, interventionist economics like Sunak furlough scheme
What was ‘rolling back the frontiers of the state’
‘Liberal Conservatism’ and the ‘New Right’ believing in free market economics and deregulation, with more conservative approach to social policy e.g. family, heterosexual).
Privatised public industry, sold council homes to occupants and used monetarism to control inflation, ‘big bang’ for stock market
What were new right policies?
- Deregulation
- Privatisation
- Statutory limits on power of trade unions
- Smaller state, less intervention
- National sovereignty
- Limited welfare state
What is monetarism
Controlling money supply as means of keeping inflation in check
What was the Big Bang?
The day the stock market was deregulated in 1986, allowing electronic trading, London outpacing European countries to become magnet for international banks
What did Conservatives look like under Cameron?
Taking over in 2006, he aimed to steer conservatives away from harsh public image as ‘nasty party’ and towards fixing a ‘broken Britain’
It had links to Red Toryism, centre right or paternalist conservatism favouring communitarian social policies with fiscal discipline.
Also focus on environment, “vote blue, go green” promising a “green revolution”
Described as a “flagrant capitulation to New Labour” and a “subtle continuation of Thatcherism”
What were some Cameron policies
New Right: austerity/spending cuts, privatisation of Royal Mail, anti race Union, 2015 manifesto reach surprlus by 2018 to pay debts, 2015 no rize in VAT, NI, or income tax, scrap HRA replace with BBOR
ONC: pro EU, Red Toryism, vote Blue go Green, £5bill more NHS,
What was Thatchers Conservative Party?
End to austerity/paying back deficit, addressing ‘just about managing’ groups, Brexit
New Right: cut corporation tax, review business rates that hurt small businesses, removal of triple lock pensions, replace free school lunches with breakfasts, supported fracking, abolished Dept. Energy and Climate Change
ONC: end austerity, help JAM groups, raising personal tax allowance, reintroduction of grammar schools,
Boris Johnson conservatives
New right: expressed libertarian fears about lockdown, condemned EU’s regulations, no income, VAT or NI tax rises, cuts to foreign aid, points based immigration,
ONC: Furlough scheme, grants to employers for paying wages, substantial borrowing in covid, continued UC rollout, net zero 2050, £6.3bill on 2.2mill disadvantaged homes for energy efficiency, redirecting investment to deprived regions (levelling up)
Liz Truss con
Influenced by Thatcher, commited to “freedom, low taxes and personal responsibility.” Proposed curbing race Union power, tax cuts and deregulation. Would also mean lowering govt spending. Inspired by Patrick Minford’s Monetarism, wanted to recreate ‘trickle down economics’, crate ‘Singapore on Thames’.
Did not support levelling up, insisting low tax gives more disposable income, encouraging investment, to lower corporation tax crating employment.
Failed as lowering tax would destabilise after covid, foreign investment saw Uk as volatile
Sunak con
NR: reduce debt, stop boats, Rwanda plan, welfare cuts, abolishing NI for self employed,
ONC: reverse Lizz Truss tax cuts, furlough scheme, highest taxes since WA2,
Kein Badenoch con
New right: wants to ‘rewiere the state’ removing bureaucracies, also commented on level of maternity pay being high, says ‘it is not the govt that creates growth’ , conservative social policy , ‘anti woke’
