Following Thatcher’s resignation in 1990, took office. While he sought a "kinder, gentler" approach, he largely consolidated the Thatcherite legacy:
The "Thatcher Revolution" refers to the radical shift in British economic and social policy during Margaret Thatcher’s tenure as Prime Minister (1979–1990). Often termed , this era marked the end of the post-war consensus—a period defined by the welfare state and government intervention—and the birth of a free-market-oriented Britain. 1. Core Economic Principles The Thatcher Revolution: Margaret Thatcher, Joh...
It led to increased wealth inequality, the decline of industrial heartlands (particularly in the North and Scotland), and the erosion of social safety nets. Following Thatcher’s resignation in 1990, took office
Major continued the privatization program, most notably with the controversial sale of British Rail . Following Thatcher’s resignation in 1990