Word: thatchers
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...Social Democratic Party (S.D.P.). Fielding questions from some 500 reporters, the S.D.P.'s four founding leaders-all onetime Labor Cabinet members-pledged to occupy the middle ground that, in their view, has been abandoned by both the Labor Party and the Conservative government of Prime Minister Margaret Thatcher. Said Shirley Williams, 50, the former Education Minister, now touted as the S.D.P.'s eventual head: "We will be a party that heals divisions in this country...
...poll suggests, astonishingly, that the new party could win 35% of the popular vote vs. 29% for Labor and 27% for the Tories. An alliance with the centrist Liberal Party would give the S.D.P. 46% support, enough to guarantee a sizable majority in the 635-seat House of Commons. Thatcher does not want an early election, since both she and Labor Party Leader Michael Foot are showing the lowest personal standings for any Prime Minister and party leader since the war. "Every day I pray that Margaret Thatcher and Michael Foot will be the leaders at the next election," says...
...Thatcher holds her course
...target of the multifaceted protest last week was an 82-page document Howe had extracted from its battered red case: Prime Minister Margaret Thatcher's severely austere new budget, which she insisted "laid a solid foundation for sustained revival of the British economy." Ignoring urgent pleas for relief from both industry and trade unions, Thatcher asked Britons to swallow yet another dose of her bitter, monetarist medicine. "This government," she insisted, "has taken the wise and moral course, and I will challenge anyone who takes the contrary view." The new budget will raise government revenue by $7.7 billion...
...Indeed Thatcher has not compromised in what some of her own Tory backbenchers called her government's "last-chance budget," and her advocates argued that this latest round of austerity will finally begin to pay off in recovery. That cannot come too soon for most Britons. Unemployment has hit almost 2.5 million, the highest level since the 1930s; the government itself has forecast 3 million by the end of the year (the equivalent of 12,660,000 unemployed in the U.S.). Inflation, though down from a high of 22% last summer, is still above the 10% level, which...