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GUEST,rarelamb BS: Happy Birthday Mrs Thatcher-13 Oct 1925 (165* d) RE: BS: Happy Birthday Mrs Thatcher 17 Oct 05


http://www.dw-world.de/dw/article/0,1564,1739276,00.html

"In addition to reigning in public finances, German growth could be stimulated by getting more people into jobs, following a system employed in Great Britain, according to Henning Klodt of the Kiel Institute for World Economics.



By the 1980s, Britain was faced with an unemployment rate of over 11 percent and the country had sunk into an economic malaise. In terms of national wealth, the UK was 8 percent below the average western European average. According to many, Prime Minister Margaret Thatcher's sometimes controversial reforms, which reduced public spending, lowered direct taxes, deregulated and privatized state-run companies, were key in turning Britain's economy around.



Former Prime Minister Margaret Thatcher's reforms started Great Britain on the road to recovery "Thatcher's reforms in Great Britain in the beginning of the 80s, which were also carried out by Tony Blair, demanded people either learn a new trade or do community work," Klodt said."


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