Thread: Local Elections 2022
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Old 09-05-2022, 16:07   #66
1andrew1
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Re: Local Elections 2022
Quote:
Originally Posted by Damien View Post
As I said earlier the problems now though are harder to solve. You can't have an agenda of 'stop inflation', 'stop the cost of living increase' and so on.
Thatcher won on an agenda which included taming inflation, didn't she?
Quote:
Taming inflation was Mrs Thatcher's first priority. Tough budgetary policies, aimed at controlling public spending combined with a tight monetary stance, were designed to reduce inflation expectations. Getting people to believe inflation would fall, and so reduce their wage demands, was the aim.

For a while it worked. Cost of living increases fell rapidly in the early 1980s. An acceptance that monetary discipline should be central to policymaking shaped the inflation targeting of subsequent decades.
https://www.bbc.co.uk/news/business-22073527
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