Thatcher made things worse, not better

In the last couple of weeks, I have been amazed at how much re-writing of history has been done by the Tories to justify what Margaret Thatcher did when she was in power. Here is one blatant example of it from Amanda Platell on Question Time last night:

     

What she said may well have got a huge round of applause, but it was completely wrong, as this table shows:

Ten Largest Economies by Nominal GDP
 
    1970    1975    1980    1985    1990    1995    2000    2005    2010    2015   
 
1                    
2                    
3                    
4                    
5                    
6                    
7                    
8                    
9                    
10                    
 
Source

The UK was bumbling along as the sixth largest economy in the world for the decade before Margaret Thatcher came to power in 1979. When she left office in 1990 the UK had not risen in the rankings at all, but in fact dropped to seventh, overtaken by Italy. The UK did rise to fourth place, but only a decade after she had left office.

The UK's economy and its place in the world suffered as a result of Margaret Thatcher's policies. She did not rescue the UK, she made things worse.

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