How did Margaret Thatcher reorient British economic policy upon becoming prime minister?
A)She increased government subsidies for coal mining.
B)She nationalized the British rail system.
C)She cut government spending and reduced taxes.
D)She created measures focused on reducing inequality.
E)She created new health and education measures to increase employment.

Question

Quizplus · Accepted Answer

Margaret Thatcher reoriented British economic policy by implementing a market-oriented approach that emphasized privatization, deregulation, and reducing government spending. She believed in cutting taxes to stimulate economic growth and advocated for reducing the power of labor unions. Therefore, choice C, cutting government spending and reducing taxes, is the best answer.

How Did Margaret Thatcher Reorient British Economic Policy Upon Becoming