Margaret Thatcher: The Autobiography by Thatcher Margaret

Author:Thatcher, Margaret [Thatcher, Margaret]
Language: eng
Format: epub, azw3, mobi
ISBN: 9780007416943
Publisher: HarperCollins Publishers
Published: 2013-04-08T20:00:00+00:00

In that election campaign, defence would be of great political importance. Yet I had no doubt that the result would ultimately depend on the economy. Our economic course had already been set in the 1981 budget. We now had to see the strategy through. It was a remarkable testament to the soundness of public finances by this stage that we managed to pay for the Falklands War out of the Contingency Reserve without a penny of extra taxation and with barely a tremor in the financial markets. The economy was already beginning to recover and would have done so more rapidly but for sluggish world conditions.

The black spot in the record was, of course, unemployment, which was still well over three million. It would be vital in the campaign to explain why this was so and what we were doing about it. Our ability to deal with this issue successfully would be a test not only of our eloquence and credibility but also of the maturity and understanding of the British electorate.

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