The Thatcher Cycle
Just as the 1970s boom and bust was a product of economic mismanagement by the government of Edward Heath, the latest boom/bust cycle has been a consequence of the economic excesses of Margaret Thatcher’s premiership. The roots of both property cycles were intimately interwoven with the economic and political trends of their periods. In order to understand the causes of the 1980s boom, it is important to understand the philosophy and aims of the Thatcher government.
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