Analyse the conservative approach to state intervention after 1979 and outline Labours response since 1997

... Analyse the conservative approach to state intervention after 1979 and outline Labours response since 1997 The conservative approach to state intervention post 1979 has been on the whole to go for the minimum as is illustrated in their economic policy and this was included in their critique of government economic policy at that time. On the whole the government felt that levels of state intervention were far too high in regards to the economy which led to various negative consequences such as making industry uncompetitive and laid back since the government would bail them out at the first sign of smoke as Labour always did. They also felt it destroyed the incentives for individual entrepreneurship leading people into not achieving their full potential as it was not worth there while, this led to lack of money within the economy as well as top businessmen leaving for pastures new. On the whole

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