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Outline and evaluate the ideas if the 'New right' By Paul Ingham The winter of 1979 was a winter of political change. This change of direction involved the reassertion of the views of competition, freedom of choice, self-reliance, incentives and non-intervention of the state in order that incentives and enterprise can be released and that commerce and industry could prosper. With this view in mind the newly elected Conservative party, under of the leadership of Margaret Thatcher, Britain was about to witness a political dominance that would change British society as it is today...This paper will evaluate the key ideas that the Conservative party has implemented over their reign in the political forum. The main issues that will be reviewed have provided an essential historical backdrop to what is described as the 'New Right' policies which involved, reduced public spending, regressive taxation, rising unemployment, restricted powers of Trade unions and privatisation of the Government owned industries/services. The key ideas that inform the 'New Right' can be summed up by the term 'Economic liberalism' as such derived from Adam smith (1723-90), Hayek (1899) and Friedman (1912). There are two inter-related principles. The
Unemployment rose from 1,175,000 to 2,299,000 between 1979 and 1981 (Source: British Economic and Social Policy Second edition (1991) G. Savings on these cuts between 1979-1988 mounted to a massive L4 Billion (Guardian, 25 April 1988). >From 1948-1979 union density rose from 71% to 82% in the public sector and from 51%-82% in the contract manufacturing sector (Price and Bain, 1983). This trend however was about to be reversed during the Conservatives time in power, trade union membership declined a considerable 25% from a peak of 12. In conclusion the 'New Right' is a capitalist theory It will be many years before the 'New Right' policies can be assessed and judged on being successful or otherwise because the policies in placed were more of a long term framework than of a short term solution to the economy. Unemployment served another purpose for the 'New Right' government and that was to curve the rate of inflation and have less money. During the administration of the 'New Right' government Britain witnessed a shift towards privatisation of four of the main state services (Health care, Transport, Education and Housing). Another main factor that establishes the 'New Right' as the 'New Right' is the movement away from the Keynesian post-war agreement. The Conservative party during their reign reduced public spending in claiming that 'Public expenditure is at the heart of Britain's economic difficulties' (HMSO 1979: 1). An example of this was the withdrawal of union membership rights at the Government Communications Headquarters (Che!ltenham 1984). Finally, the sixth was the contracting out of services (via either central or local government) such as cleaning of schools, refuse disposal. Please note that this is not totally finished but it is a good outline to what the finished one will look like ------------------------------------------------------------------------**Bibliography**. Their aim was to re-distribute assets back to the private sector, reduce inflation and also in forced stricter means testing on people claiming benefits. With the two principles in operation it is believed that having a 'free' market will create competition and in turn benefit the public.
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