Important Statistics Flashcards
(45 cards)
What was inflation at before Thatcher?
Periods ofover 20% in the late 70s and at 14% in 1979
How much did Thatcher reduce inflation by?
Reduced to single figures by 1982, never rose above 9% for the rest of the 80s
Though: 1979 inflation at 10.3% and 1990 at 10.9% - no change
How far did manufacturing fall between 1980-1
14%
In 1980 how far did inflation rise due to soaring pay demands?
22%
What was unemployment at in 1982?
3 million
How much did the sale of British Gas raise?
£5.4 billion
How much money was raised from privitisation?
£19 billion
How did shareholders increase between 1979-90
3-11 million
By 1990 how many shareholders were owned by individuals?
20%
How many jobs were lost as a result of coal privitisation?
200,000
How much was economic growth during the Lawson Boom?`
4-5% a year
How much did private household debt increase from 1980-89?
£16 billion to £47 billion
What was personal debt at by 2003?
£1.3 trillion - highest in Europe
How much did the 1980 Budget reduce the top rate of income tax?
83% to 60%
How much did the 1988 Budget reduce income tax
Basic rate decreased from 29% to 25%
High rate of income tax reduced to 40%
How much was VAT increased in 1979?
rose from 8 to 15%
How much did the average tax bill rise between 1979-90 due to indirect taxation?
rose by 6%
How did the reduction in direct taxation affect the amount of tax avoidance?
Wealthiest 5% paid as much tax in 1988 at 40% rate as they did in 1978 at the 83% rate
How did the numbers of TU members change between 1979-90
13.5 million to under 10 million
How did the days lost to strike action decrease?
10.5 million between 1980-84 to 0.8 million 1990-94
How did the number of miners decrease?
Between 1974 to 1991 number of miners fell from 200,000 to 10,000
How much did crime rates increase during the 1980s?
Doubled, Battle of Orgreaves partly responsible
How many environmental ministers were fired over 3 years?
1/4 of them
How many civil servants had been sacked by 1988?
22.5% - saving £1 billion