Word: thatcherism
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Howe closed by saying the tragedy for him, his party and the country was that Thatcher's attitude toward Europe was risking the "future of our nation." In resigning, he invited "others to consider their response" to his "conflict of loyalty." It was an invitation to insurrection. No one doubted that if Howe had not made that speech, Heseltine would not have dared a leadership challenge. On Saturday Howe threw his support behind Heseltine...
...hand wringing among the Tories about Thatcher's departure, most were looking forward to a smooth transition to the next government. One by one, the issues that exploded under Thatcher were expected to be defused, starting with her grating style of leadership. From now on, the contenders pledged, collegial government would be the rule. Heseltine has announced that he would be ready to serve under either Hurd or Major if he loses the leadership race. Hurd and Major also seem willing to become players on somebody else's team...
...European Community. Said Major, echoing the views of the others: "I don't have a shred of doubt that we could negotiate an agreement ((over economic and political union)) with our European partners that would be perfectly acceptable to Britain." In that respect, Major admitted he was differing from Thatcher...
...Thatcher and the Tories who must govern without her, the downturn in the British economy is seen as a serious threat in the general election. It is expected that the Tories will call the election as late as possible, which could mean the spring of 1992. But the inflation rate, now running at 10.9%, is slackening, and the pound, linked to the E.C.'s Exchange Rate Mechanism, is strong. The next Prime Minister may be able to lower interest rates and even spend more money in the social areas Thatcher was accused of neglecting so badly -- education and health services...
Above all, Britons can expect some relief from the hated poll tax, a local levy instituted by Thatcher to replace the property tax. It is a flat tax on everyone in a local community, regardless of each person's income; the amount is decided by the local community, based on its financial needs. Thatcher fervently believed the old tax should be dumped because it affected only property owners, but the new assessment exacted the same amount from rich and poor alike. Nothing except perhaps Thatcher's personality provoked so much anti-Conservative sentiment among voters. The poor were as angry...