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Comparison of Stance's Held on Key Issues by Blair, Thatcher and Major
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| Submitted: Thu Jul 11 2002
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Issue Conservative Labour Interventionism. Thatcher Major Blair The state interfering with the economy, extended from the initial attempts of Asquith and Lloyd George. -Minimum wages introduced - Job creation "Welfare to Work" - "New Deal" Free Market Thatcher Major Blair The opposite of interventionism, leaving the markets to regulate themselves and provide goods and services. -No pay controls - No pay controls - No Pay controls - Control of Interest rates given to the Bank of England. Both parties were committed to intervening as their economic policies all had aspects of PAY/PRICES in them. During the 1960's all parties included a wage policy in their normal policies, for example laws passed to prohibit wages rising beyond a certain level. Keynesianism Thatcher Major Blair Creating wealth and jobs through government sponsored initiatives and lower taxes creating both supply and demand, creating a cycle to pay themselves back. - Top rate of income tax fell to 40p from 80p in the £. - The base rate also fell to 25p - No "robbing the rich...
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