Word: thatcherism
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Shaw won't be gloating throughout his speech, though. With the arrival of the Reagan and Thatcher administrations, cuts in both arts budgets loom large, along with, in Britain, calls from conservative politicians to move arts patronage back into the private sector. (In this country, Office of Management and Budget Director David Stockman has daintily halved the NEA's budget.) As British culture becomes more and more commercialized and government resources dwindle, British artists and administrators will closely examine the arts scene in America, to see what happens to a culture overwhelmingly dependent on the private sector--corporate grants, individual...
...avoids criticizing the government publicly--after all, he says, the money comes from the people, and the people elected the Thatcher government with its particular policies. But he thinks the present government underrates the contribution of the arts to the nation's employment and economic well-being. As Punch columnist Melvin Bragg states in a recent column, a grant from the Council doesn't carry a company like the RSC (providing only three million pounds in a ten to 12 million pound operation), but it helps it o be more solvent and to reach more people with more projects...
...renewed effort by the U.S. to negotiate realistic arms limits with the Soviets. The President helped dispel some of those doubts. In Bonn, where Brezhnev was scheduled to start a four-day visit on Sunday, Chancellor Helmut Schmidt had just concluded talks with British Prime Minister Margaret Thatcher. "Reagan has set forth a comprehensive concept for the stabilization of peace," said Schmidt. Added Thatcher: "It will receive a warm welcome not only in political circles but in the hearts and minds of people across Europe...
...also is growing at a remarkable pace. On Oct. 24, a crowd of more than 175,000 gathered in London's Hyde Park to call for the government not only to ban U.S. nuclear weapons but to give up its own, both ideas stoutly resisted by Prime Minister Margaret Thatcher...
...package of indirect taxes on such items as tobacco, alcohol and gasoline. Lawrence Kudlow, the chief economist at OMB, has given such tax increases the woolly euphemism of "revenue enhancers." Supply-siders say that increasing taxes would repeat the mistake made in 1979 by Britain's Margaret Thatcher, when she tried to reduce a revenue shortfall brought on by sharp income tax cuts by raising the value-added taxes on consumer goods. Many economists now believe that the Thatcher taxes seriously aggravated Britain's economic slump by further curtailing purchasing power when the economy was already slipping sharply...