British Economy | Britain in the red | Margaret Thatcher | This Week | 1989

IF YOU BELIEVE NIGEL LAWSON THEN WE HAVE A VERY SUCCESSFUL ECONOMY WHICH IS GOING THROUGH SOME MINOR TEMPORARY DIFFICULTIES.
IF YOU BELIEVE MANY INDUSTRIALISTS THEN THE LAST TEN YEARS HAVE SEEN A DISASTROUS, PERHAPS IRRECOVERABLE, DECLINE IN OUR MANUFACTURING INDUSTRY, WHICH HAS LED TO A COLOSSAL TRADE DEFICIT.
BOTH SIDES AGREE THAT THE PRESENT BALANCE OF PAYMENTS SITUATION IS BAD, BUT IS IT TEMPORARY OR ARE WE SEEING THE END OF THE SO CALLED THATCHER ECONOMIC MIRACLE?
23/03/1989

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