Word: thatcherism
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...know a stink when I smell one," he declared. Responded Thatcher: "The government has conducted itself properly and responsibly. There is no cause for an inquiry...
...bailout bid by Sikorsky, a division of United Technologies Corp. of Hartford, Conn., in conjunction with Italy's Fiat. Heseltine, fearing an erosion of Britain's industrial competitiveness, had promoted a rival rescue plan through an all-European consortium that included British Aerospace (1985 sales: $3.6 billion). The Thatcher government professed to be neutral, but Heseltine and others charged the Prime Minister with favoring...
Heseltine embarrassed Thatcher two weeks ago by becoming the first British Minister since 1887 to resign by storming out of a Cabinet meeting. He followed that flamboyant gesture by charging Brittan with trying to pressure British Aerospace into pulling out of the European consortium. Brittan denied the claim, but conceded that he had warned British Aerospace that a decision against Sikorsky might be considered anti-American and could hurt the firm's U.S. sales, which account for about 12% of revenues...
...said to contain the company's account of a Jan. 8 meeting in which Brittan allegedly urged it to withdraw from the European group. In his reply, Brittan denied four times that such a letter had come in. Within an hour, however, the Prime Minister's office admitted that Thatcher had indeed received the letter and had mentioned it to Brittan. The Minister then executed a sharp about-face, explaining that he had not felt free earlier to reveal the letter's existence because it was marked PRIVATE AND STRICTLY CONFIDENTIAL. Said Brittan: "I had no intention of deceiving...
Released two days later, the letter stated that Brittan had told British Aerospace's chief executive officer, Sir Raymond Lygo, that his company's involvement in the Euro-consortium "was not in the national interest" and that he "should withdraw." The account seemed to belie Thatcher's claim of neutrality. The government simultaneously released its own description of the Jan. 8 meeting. According to notes taken by Brittan's secretary, the Minister had said only that "it was not in the national interest that the present uncertainty involving Westland should drag...