New right conservatism (Thatcherism) has two different aspects…
Neo-liberalism and neo-conservatism
Neo-liberalist principles:
the state should disengage from political management
free markets
trade unions hinder economic development
welfare benefits are detrimental and produce a dependency culture
high taxation is a disincentive to work and productivity
Neo-conservative principles:
promotion of traditional moral values to ensure a stable society
distrust of multinational organisations
nationalism, pride and unification = stable society
strong law and order
One nation example - Johnson gov’s commitment to high public spending to level up society, public spending in 2021 was 42% of the economy on par with the 1970s
New right example - Sunak gov responded to the recession with higher taxes and dramatic cuts in public spending, reminiscent of Thatcher’s “good house keeping” policies in the early 1980s
One nation example - 2015 ”living wage“ introduced to provide extra support for the least well paid
One nation example - In 2021 Johnson established a new secretary of state levelling up housing, and communities
One nation example - Cameron, Truss, Johnson and Sunak all emphasised the conservative party’s commitment to the National health Service
New right example - universal credit system
New right example - Johnson govs negotiation of the withdrawal of the UK from the EU demonstrated a New right commitment to sovereign borders
New right example - Johnson announced in 2020 that £16.5 billion increase in UK defence spending to protect the UK’s interests
New right example - Truss and Sunak provided strong opposition to the Russian invasion of Ukraine, criticising China for its human rights record and seeking the closest possible ties with the USA
Thatcherism/New right:
reduce state intervention
control public spending + tax cuts
privatisation of industries
legal limits on trade unions
tough law and order
assertion of British interest abroad
The conservative party was criticised under Thatcher because of its authoritarianism and lack of commitment to social justice. Was labeled a “nasty party”
Cameron proved to be extremely progressive; supporting same sex marriage legislation, promoting Big Society and encouraging young people to support their communities
In 2010 the UK was severely in debt because of the global economic crisis (2007-09), so Cameron and his chancellor cut picnic spending dramatically. ”austerity” programme
Eurosceptic wing of conservatism (ERG represented) had more influence and forced Cameron to call a referendum on EU membership
Conservative party positioned as ideologically committed to Brexit and the full restoration of state sovereignty
Neo-conservatism
Anti-permissive (traditional family structure) social policies
Neo-liberalism
Revival of free-market capitalism
One-nation conservatism
Conservatism that represents the nation not one group in society, worry about chaos, against liberalism
One nation conservatism peaked in post war Britain (WW1)
“one nation” created to bridge the gap between rich and poor through a paternalistic policy. leaders of society should accept responsibility for poorer/ less advantaged
Johnson demonstrated a strong faith in the enabling state by using public spending as a way of “levelling up” society
David Cameron was labeled a “liberal conservative”
Theresa May showed a shift away from Cameron, an end to austerity
Johnson was more “liberal”, increased spending but brought tough line negotiations with EU
Liz Truss’s supporters claimed the tax cuts she brought proved the government’s Thatcherite economic credentials but the Truss gov borrowed more instead of increasing indirect taxes to drive down the deficit
Margaret Thatcher
“Iron Lady”
In the 1970s Britain faced industrial unrest, unemployment and terminal decline
In December 1978 there was the “winter of discontent” as strikes became frequent over unemployment
Thatcher and the US president Ronald Reagan shared the same aims, believed in a free market and got along very well
Thatcher’s main aim was to defeat inflation leading to unemployment rising by 2 million and factories shutting down
In the summer of 1981 riots occurred, they were worst in liverpool
Victory in the Falkland islands made Thatcher look heroic and was presented as a national rebirth
During Thatcher’s time as PM airlines, electricity, water, phones and gas industries were privatised (Biggest = British Gas)