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The New
Right 1970's
- Deregulation of the economy so that the
state does less and private companies do
more. The state will not prevent private
companies from being established
- Disengagement: state owned
companies would not be bailed
out by the taxpayer even if it
meant people losing jobs.
- Trade Unions had too much power. They were
preventing companies from modernising and their
excessive wage demands were causing rising
prices making UK industry uncompetitive.
- Low taxation: Lower taxes give people an
incentive to earn more, generating more
wealth, meaning they would be less
dependent upon government services.
- Dependency culture: Generous welfare benefits were
acting as a disincentive for families to go to work.
Benefits needed to be reduced.
- Government spending needed to be limited and
reduced. The less money which government spends
then private companies will be able to spend more.
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