5) Was there a ‘Thatcher Revolution’, 1979-1990?

Thatcherism is a form of ideology championed by Margaret Thatcher, which emphasizes monetarism, privatisation, deregulation, and reduced state intervention through important economic reforms.

I/ Economic reforms 

• Development of the City of London

• Deindustrialisation of the North of England

• Big Bang of 1986

• Transform Britain into a free-market economy

II/ Social & political impact

• Miner’s Strike 1984-85

• Social change: right to buy and increased individualism

• Refusal to negotiate: Bobby Sand

• Falkland War

III/Limits

• Unemployment

• Regional inequalities greatly increased

Conclusion:

Britain experienced a deep economical and ideological transformation during the Thatcher Era.

However, the welfare state still survived and national inequalities widened.

Modern historians link Thatcherism to neoliberal globalisation & Brexit divides.