Word: thatcherism
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Kinnock had no reason to expect warm amiability. After all, at the moment he was in the Oval Office, and a book of speeches by Conservative Prime Minister Margaret Thatcher was being prepared for April publication with a glowing foreword by the President. She is a woman of "unshakable inner confidence, even serenity" in the face of crisis, Reagan writes. Too bad, he adds, that Mrs. T. has to go through those "hostile sessions" in the House of Commons called Prime Minister's Question Time, when she is subjected to "heckling" by the opposition. Chief among Thatcher's tormentors...
...with at least a spoonful of sugar. But last week, when Chancellor Nigel Lawson arrived at the House of Commons with his 25-page budget, he brought along an entire sugar bowl. In a somber, 59-minute speech, Lawson cut taxes, pared government borrowing and placed Prime Minister Margaret Thatcher in an excellent position to call national elections as early as June...
...even Thatcher's most bitter enemies cannot deny that the economy is rebounding smartly. Consumer spending rose by 5% last year, while inflation simmered at a low 3.4%. The output of the once sickly manufacturing sector is up by 5%. The government even predicted last week that the 11.9% unemployment rate would fall below 3 million by July, which would be the first time that had happened since 1984. But both opposition politicians and some economists were skeptical of the claim, and noted as well that Lawson's tax cuts came about largely because record corporate profits and a surge...
...calls for unilateral nuclear disarmament. Kinnock will try to recover ground this week when he is set to meet with President Reagan in Washington and tell him that he supports keeping U.S. cruise missiles in Britain as long as U.S.-Soviet arms-control talks continue. Meanwhile, Thatcher will burnish her foreign policy credentials when she travels to Moscow next week to confer with Soviet Leader Mikhail Gorbachev...
Some Laborites feel that the best they can hope for in an early election is a "hung" Parliament, with the increasingly popular Alliance holding the balance of power. But if the economy continues to improve, thus vindicating the redoubtable Prime Minister's tough policies, Margaret Thatcher may not have to call the moving vans to 10 Downing Street for at least another few years...