Word: thatcherism
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Dates: during 1980-1989
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...There are now 16 foreign hostages in Lebanon, including nine Americans and three Britons. The French deal raised fears that freeing those still held would be more difficult and that the release might even encourage more kidnapings. Pounding her hand in the House of Commons, British Prime Minister Margaret Thatcher declared, "We will not pay ransom!" In Washington, State Department Spokesman Charles Redman expressed the same view...
...might be enough to persuade Mick Jagger, David Bowie and other celebrated tax exiles to come home to Britain. Prime Minister Margaret Thatcher's government took another step last week in its campaign to simplify British taxes and reduce the top rate. The latest budget calls for a sweeping tax reform similar to legislation passed in the U.S. in 1986. Under Thatcher's plan, six tax brackets, in which rates range from 27% to 60%, will be reduced to two: individuals with taxable incomes of (pounds)19,300 (about $35,500) a year or less will pay 25%, those...
Only a few months ago, the British government turned to Kuwait as a savior. Under Prime Minister Margaret Thatcher's grand privatization plan, the government had been ready last October to sell its 32% stake in British Petroleum to the public. Then stock markets around the world crashed. Since the BP shares had been priced far above their postcollapse market value, it seemed certain that few investors would buy them. Enter the Kuwait Investment Office, the London-based agency of Kuwait's Finance Ministry that handles the bulk of the Arab country's overseas holdings. Beginning in early November...
Neil Kinnock, the leader of the opposition Labor Party, last week challenged Thatcher's decision to go along with Kuwait's investment, noting the Prime Minister's statement three months ago that the Kuwaitis had assured Britain they "had no ambition to control BP, nor any interest in any management role." The Labor leader questioned how binding those assurances really were. Said he: "This is obviously a matter of public interest and concern...
...troops being caught in cross fire between Protestants and Catholics. Authorities believe both Protestant and Catholic extremists in Ulster have been stockpiling weapons. In response, a number of opposition Labor Party politicians in London were again raising demands to get British troops out of the province. Prime Minister Margaret Thatcher, who called the latest killings "an act of appalling savagery," fears that a pullout would trigger even worse bloodshed in Ulster. She is adamant that the forces stay...