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...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!