Her government\’s savage deflation destroyed a fifth of Britain\’s industrial base in two years, hollowed out manufacturing, and delivered a \”productivity miracle\” that never was, and we\’re living with the consequences today.
Strange that manufacturing output was higher when she left office than before she took it really.
What she did succeed in doing was to restore class privilege, boosting profitability while slashing employees\’ share of national income from 65% to 53% through her assault on unions.
And you don\’t know your economic statistics, do you?
GDP does not split into labour income and capital income.
A goodly part of that fall in labour income is in fact the introduction of VAT, the raising of VAT, the raising of employers\’ national insurance payments and the rise in self-employment.
One day, if I get bored enough to work out how to use Excel, I\’ll prove it too.