Today’s recession – any lessons from the 1980s?
The recession of 2022 and 2023 has big similarities but also huge differences with the early 1980s recession of Margaret Thatcher as Tony McMahon discovers
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Inflation and unemployment under Thatcher
Both unemployment and inflation soared in the first two years of the Thatcher government though the Tories were open to a rise in the jobless figures
The economic Recession of 1979 to 1981
Between 1979 and 1981, Prime Minister Margaret Thatcher presided over an unprecedented economic recession that devastated manufacturing industry
Back to the Future with De Lorean
The movie Back to the Future featured a DeLorean car but behind that story was a real-life scandal in Northern Ireland as Tony McMahon discovers
Thatcher downfall expected in 1984
In its end of year edition in 1979, The Economist predicted the imminent downfall of Margaret Thatcher but instead she endured for another decade
The collapse of businesses during the 80s Thatcher recession
The collapse of businesses during the 80s Thatcher recession