Word: thatcherism
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...consequences of despised tax policies. A levy on tea, after all, helped spark the American Revolution. Last week, to save itself from the voters' wrath, the government of Prime Minister John Major unveiled its alternative to the deeply hated poll tax, the flat-fee assessment that Margaret Thatcher instituted last year to replace property taxes as the means of financing local governments...
...poll tax prompted a bloody riot in London, helped bring about Thatcher's resignation and threatened to unseat the ruling Conservative Party in national elections, which must be held by mid-1992. Major's new scheme would assess owners and renters alike on the basis of the value of their dwellings, with a 25% reduction for individuals living alone. The poor will be exempt...
Former Prime Minister Margaret Thatcher's transformation of the ailing British economy through divestiture was the key development that pushed privatization into the mainstream. It showed, unsurprisingly, that private owners with their money on the line run companies more profitably than governments do. That, plus the more recent worldwide turn to capitalism, has made privatization an alluring prospect for sluggish state-controlled economies...
...Margaret Thatcher once confidently predicted that her political reign would "go on and on." Now chafing in forced retirement, the former British Prime Minister apparently intends to apply that philosophy to the writing of her memoirs. Thatcher is talking about dividing her life story into three or four volumes, more than potential U.S. publishers hope to see -- or sell. Perhaps the Iron Lady wishes to continue emulating her idol Winston Churchill, who wrote more than two dozen books during his lifetime...
Britain pledged $40 million to help the refugees. After Thatcher phoned Primer Minister John Major and gave him an earful, London quickly sent three planeloads of tents and blankets for distribution among Kurdish refugees in Turkey and across the border in Iraq. Germany planned to send four planes with supplies, and France, two planes...