Mrs Thatcher’s Instincts
Barbara Wootton, 7 August 1980
Mrs Thatcher’s First Year
by Hugh Stephenson.
Jill Norman, 128 pp., £6.50, June 1980,0 906908 16 7 Show More
by Hugh Stephenson.
Jill Norman, 128 pp., £6.50, June 1980,
“... to £4,610 million in income-tax reductions. In conflict apparently with the original plans of her Chancellor, Mrs Thatcher insisted that there must be some reduction of the basic rate, so that every taxpayer would get something. Nevertheless only £730 million of the total reductions went to the 41 per cent of taxpayers whose incomes did not exceed £4,000 ... ”