Since you mentioned Lady Thatcher, @andyburnham, here's a reminder of what she achieved 👇🏼
• Top rate of income tax: 83% → 40%
• Basic rate: 33% → 25%
• Inflation: 21.9% peak (1980) → 2.4% (1986)
• Days lost to strikes: 29.5 million (1979) → 1.9 million (1990)
• Real take-home pay for the average earner: up by a third
• Right to Buy: over a million council tenants became homeowners
• Home ownership: 55% → 67%
• Individual shareholders: 3 million → 11 million — one in four adults
• Foreign holidays: roughly doubled
• Homes with a telephone: two-thirds → nearly nine in ten
• Pensioners' average incomes: up around 30% in real terms
• Infant mortality: down almost 40%
• Real GDP: up by almost a third
• GDP per head outgrew France, Germany and Italy in the 1980s
• Manufacturing productivity: slowest growth in the G7 in the 1970s → fastest in the 1980s
• Self-employed: 1.9 million → 3.5 million
• Nissan to Sunderland, Toyota to Derby, Honda to Swindon
• Britain became a net oil exporter
• London restored as the world's financial capital in 1986
• Budget surpluses three years running — Britain repaid debt, 1987–90
• National debt: 47% of GDP → 28%
• State spending: ~45% of GDP → ~39%
• The civil service: 732,000 → 565,000
• Corporation tax: 52% → 35%; the small firms' rate: 42% → 25%
• Personal tax allowances: up more than 25% in real terms
• Higher rates of income tax: nine → one
• Death duties: fourteen rates → one
• Exchange controls scrapped after 40 years
• 40+ nationalised businesses privatised — 600,000 employees moved to the private sector
• The 33 big state industries: took ~£500m from taxpayers in 1980 → paid £8.4bn to the Exchequer by 1987
• British Steel: world-record loss-maker (1980/81) → £733m profit (1989/90)
• BT, 1984: the largest share offer the world had ever seen
• "Tell Sid" broke the record again in 1986
• British Airways: nationalised loss-maker → profitable, private, "the world's favourite airline"
• The Channel Tunnel: launched — entirely privately financed
• The Falklands liberated in 74 days
• Backed Gorbachev early, stood with Reagan, and won the Cold War
• Three consecutive election victories and the longest-serving PM of the twentieth century ✌🏼🇬🇧
Great to catch up with Lewis Sidnick, founder Conservative Friends of Business at their packed business reception in the Commons this evening. Our plan for the economy will have business right at its heart. Great conversations tonight. Together we can really make growth happen.
@AlasdairGold@AlasdairGold I love your podcasts but you’re too postive about Postecogou. Factually this season will be worse than Conte’s first season. We’ll finish lower in the league and remained terrible in the Cups. Fans talk about a transformation but results don’t back that yet
@InvertTheWing I value and enjoy reading your tweets, but you said Spurs will 100% qualify for CL, and now that looks unlikely. And saying struck gold with Ange when it’s far too early to conclude that. I think sometimes you get a little carried away but I still like reading your analysis.
@AlasdairGold Not one Villa player probably would get in the Spurs side. So why on earth is this so finely balanced? Only conclusion can be the difference in the quality of management
@PaulGoodmanCH editor of @ConHome says “it is suddenly more likely than not that another Conservative MP will lead his party into the next election.” https://t.co/kOW1yoKGf8
Delighted that @sajidjavid has been appointed as the new Health Secretary. Massively hard working, fiercely intelligent and a thoroughly decent man - he has been missed during the pandemic. This Government will be all the stronger for having him in it.
We’ve never been allowed into a restaurant or cinema without the customer and owner obeying a range of laws to protect our health and well-being.
Covid passports would simply be another sensible one, and should be welcome.
A must read from @PaulGoodmanCH on the upcoming Covid challenge for the PM in @thetimes
“Rishi Sunak and the business department will pull one way. Michael Gove, Matt Hancock and some other ministers will pull the other.”
https://t.co/7CHAd8j22C