The success of deregulation Flashcards
1
Q
“Lawson boom”
A
Economic growth reached 4% a year in 1985-88 under Chancellor Lawson
2
Q
“Big Bang”
A
City of London grew rapidly and became a major world financial centre.
→’Yuppie-Culture’: young, upwardly mobile professionals, often involved in stock trading
3
Q
Overseas investment
A
Removal of exchange controls fuelled overseas investment
This ultimately led to profits returning to Britain
