Four decades ago, Richard Nixon announced his new economic policy, which included wage-and-price controls, disincentives to import, and the end of the gold-exchange standard. In the short term, meaning the period before the election of 1972, the result was strong growth. Strong enough, in fact, that in November 1972, the U.K. Prime Minister Edward Heath imposed his own wage-and-price controls.
More than any other prime minister since 1945, Margaret Thatcher changed the course of British history. In one sense, like any politician, she was a product of her times, but don’t let that mislead you: Only she could have done what she did.
Prime Minister David Cameron will lead tributes in Parliament today to Britain’s only female premier, Margaret Thatcher, who died two days ago, as lawmakers break from their Easter vacation to consider her legacy.
David Cameron found himself alone as the 26 other European Union nations began negotiating the future of the region’s economy. Delivering on a veto threat his predecessors carried with them to Brussels for the past 30 years, Cameron strengthened the hand of members of his Conservative Party who want Britain to pull out of the EU.
Conservative challenger David Cameron made what he called a “big, open, comprehensive offer” to Nick Clegg ’s Liberal Democrats for an alliance to oust Prime Minister Gordon Brown after the U.K. election failed to deliver a majority to any party.