The Economic legacy of Thatcher’s government

Margaret Thatcher became Prime Minister in 1979 at a time of political and economic turmoil. The inflation rate had reached over 25% just three years prior, unions were striking at every possible opportunity, the country was in a mess. At the same time, economic growth had stagnated with unemployment reaching a 30-year high of 7%Continue reading “The Economic legacy of Thatcher’s government”

The Economic legacy of the Clinton administration

In 1993, Bill Clinton became the first Democrat to ascend to the US Presidency in just over 12 years. The former Arkansas Governor ran on a ‘Third Way’ platform, promising to enact moderate economic policies, following the three successive Republican Presidential election victories. Clinton promised an end to so-called ‘Reaganomics,’ campaigning on a fiscally conservativeContinue reading “The Economic legacy of the Clinton administration”

The Economic legacy of Major’s government

John Major became Prime Minister in late 1990, following Thatcher’s resignation. He took over the premiership at a time when the Conservatives were deeply unpopular, with polling showing Labour’s Neil Kinnock with a 23% lead over the Tories. This was down to a combination of factors; the economy was in recession from the early 1990s,Continue reading “The Economic legacy of Major’s government”

The Economic legacy of the Bush administration

An underrated President by many, George W Bush took office in 2001 amid a recession due to the collapse of the tech bubble that began in the 1990s. Bush’s first election was of particular controversy, due to the close margin of victory in Florida that pushed him just over the 270 electoral votes that wereContinue reading “The Economic legacy of the Bush administration”

Merkel’s economic chancellorship

Angela Merkel become the German chancellor in 2005. Merkel ran as the CDU/CSU candidate, the centre-right Conservative alliance in Germany. The CSU contests elections in only Bavaria, whereas the CDU operates in the other states of Germany. In the election campaign, the CDU/CSU pursued a fiscally conservative agenda, promising more deregulation, tax reductions and publicContinue reading “Merkel’s economic chancellorship”