The New Right 1970's

The New Right 1970's

1. Deregulation of the economy so that the state does less and private companies do more. The state will not prevent private companies from being established

2. Disengagement: state owned companies would not be bailed out by the taxpayer even if it meant people losing jobs.

3. Trade Unions had too much power. They were preventing companies from modernising and their excessive wage demands were causing rising prices making UK industry uncompetitive.

4. Low taxation: Lower taxes give people an incentive to earn more, generating more wealth, meaning they would be less dependent upon government services.

5. Dependency culture: Generous welfare benefits were acting as a disincentive for families to go to work. Benefits needed to be reduced.

6. Government spending needed to be limited and reduced. The less money which government spends then private companies will be able to spend more.