Pressure from the markets could not relaxSecondary LBO market also holds his attentionAnd it leaves no visible trace to the naked eyeGazprom was much criticized not investing enoughHowever the two assets do not have the same profileIn theory it is not subject to income taxCitroën progresses at the same time of 62 anticipates Pierre Olivier Beffy ExaneBehind meat and fish suffer no criticism4 according to Médiamétrie and Italy 12These are the stagflation and the unions that brought Margaret Thatcher to power in 1979. Out in tatters of a series of strikes by the trade-unions during the famous "winter of discontent" (winter of discontent), James Callaghan labour had failed to curb or inflation, which peaked at 24, or unemployment, currently fly. Supreme humiliation, London had to be resolved to call on the IMF to help revive the economy on track.
Become a little by surprise, the first woman to enter 10 Downing Street, Thatcher made a simple diagnosis of the situation. For the chemist, formed at Oxford, all the ills of his country were related to an important loss of competitiveness of the industry, including the excessive labour power was the precipitate. It is this lock that he had to jump. Thatcherism was therefore first a major offensive by the State against the stronghold of the trade-unions who, in the 1970s, were still 13 million members. When a business leader the mit warned against the risk of a frontal assault of trade unionism, the Baroness future replied with a quote from the "measure for measure", Shakespeare: "our doubts are traitors, that we are losing the victory that we often could win if we had feared to act."
A triple angle of attack
Pushing his own Ministers, called "wet" when they expressed the slightest doubt, the head of the Government passed effectively to action. According to a triple angle of attack: decentralization of wage negotiations, to lessen the influence of the powerful trade union federations. strict limitation by the law of the use of picket lines, wound of social conflicts revel; challenge, also in legislative form, of the role of trade unions in hirings, especially for large sector nationalized at the time. His first months at the head of the country, Margaret Thatcher was prepared for the inevitable clash with one of the most archaic Union interlocutors his Government: the Federation of miners, led by Arthur Scargill Communist sympathizer. But it was only during his second mandate, in 1984, she opened hostilities by announcing the closure of several sites. This "inside Falklands war" would last for a year. The Iron Lady stubbornly refused to discuss with the leaders of the strike, warning them that there is "neither beer nor sandwiches to the No. 10".
The test force ended in a triumph of the Government. Fourteen years after English unionism has still not recovered of his capitulation an open field. The number of its activists was reduced in half, to about 6 million. But the Thatcher revolution was also a deep break on the economic plan. A policy focus on monetary weapons to fight inflation, which meant reduce priority of the State debt. Based on privatization and deregulation of the public sector, offsetting the decline in direct taxes on income by a transfer of loads on consumption. Champion of the people's ownership and access to property for all ceased to avail himself of the "values and virtues of the Middle English" to the problems created by the consensus of the establishment ". Thatcher was obsession to reconcile with the people of capitalism. The paradox is that, to achieve this, it showed was to assume to be unpopular.
