Read the first page and some of Ernie’s posts elsewhere, Ernie understands Thatcher better than most on here. As noted by someone, she did not create an ideology that was the work of others. Indeed, she was not nearly as ideological as she is made out to be, she was far too effective a political operator to be bound by ideology.
However, she was the dominant politician of her era and her dominance was complete for a decade. It is this dominance that makes her the personal target. At that point, the Tory party whose defining purpose is to be in power got rid of her because they thought it might allow them to win again – which they did.
It is difficult to imagine the 1970s. Heath, the previous Tory PM held an election to ask the country who ran the country, the unions or me? He lost. There were numerous works to rules, the three day week and blackouts. We were Greece, the IMF had to bail us out.
But some notable differences when Thatcher came to power are:
Inflation averaged 12.5%
The top income tax rate was 83%, it was increased to 98% on investment income.
VAT was 8%
There were exchange controls so any movement of money by business or individuals required permission.
The government owned a steel company, coal mines, an airline, car manufacturers, a telecom company, the electricity industry, the gas industry etc.