Cards (3)

  • Thatcher slimmed down the size of the state where it was politically possible, but failed to cut overall government spending: this made up 43% of the value of all wealth produced in Britain in 1977-78, 47% in 1983-84 and 39% in 1988-89
  • By 1994, it had risen again to 44%
  • The total tax bill also rose throughout Thatcher's time in office, 38.5% of total wealth produced in 1979 to almost 41% in 1990; the tax on an average person rose from 31-37% of their income