Paddy Ashdown, in an interview about
Margaret Thatcher, says she was a better destroyer than builder and
wasn't that true. At the beginning of 1981 unemployment reached
nearly 3m peaking at 3.2m a few years later. Manufacturing capacity
fell by a fifth. At the same time the top rate of income tax was cut
to 60% and then 40%. OK so a major shakeup was necessary. I was in
the thick of the industrial mess at that time with incompetent
management on one side & unions being obstructive for the sake of
it on the other ( apart from the Unions a bit like now really – so it makes
Ashdowns point about destruction but not building). Her great error,
one might almost say crime, was to reduce taxes rather than invest in
training for those thrown out of work. It was still, in those days,
hard to find a decent domestic plumber, electrician etc & it
wouldn't have taken much to retrain a shipyard plumber etc to do
domestic work. But no it was the scrap heap. For that she should
never be forgiven and to spend any taxpayer money on her funeral is a
disgrace.
Tuesday, 9 April 2013
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