Britain: About-Face

Thatcher backs jobs program

She is so closely identified with the program of austerity that her enemies have caustically dubbed it "Thatcherism" —a campaign to revive the economy and curb inflation by following a stern policy of tight money and cutbacks in government spending. Even when the unemployment rate for young Britons rose to 34% and the demand for jobs became one of the causes of the riots in the major cities, she insisted that she would not compromise. But last week, as mobs still rioted in Liverpool on the eve of the...

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