Those of us who worked through the '70’s and ran businesses ( and paid wages ) will remember the situation BEFORE Maggie Thatcher came to power -
UK was definately the " sick man of Europe " and we surely needed a real man (Maggie THatcher) to dish out the medicine to cure the economy - we became a nation with some pride after that.
The following was published on Trucknet on another forum and may remind or inform some younger members of our dire situation before MT :
My memory of the 3 years before Margaret Thatcher
1976
29 January - Twelve Provisional Irish Republican Army bombs explode in London’s West End.
14th July - Ford launches a new small three-door hatchback, the Fiesta - its first front-wheel drive transverse engined production model - It will be built in several factories across Europe, including the Dagenham plant in Essex (where 3,000 jobs will be created), and continental sales begin later this year, although it won’t go on sale in Britain until January 1977
Emma Bunton and Ellen McArthur born
1977
29 January - Seven IRA bombs explode in the West End of London, but there are no fatalities or serious injuries.
15 March - British Leyland managers announce intention to dismiss 40,000 toolmakers who have gone on strike at the company’s Longbridge plant in Birmingham, action which is costing the state-owned carmaker more than £10million a week.
26 June - 16-year-old shop assistant Jayne McDonald is found battered and stabbed to death in Chapeltown, Leeds; police believe she is the fifth person to be murdered by the Yorkshire Ripper.
6 September - Car industry figures show that foreign cars are outselling British-built ones for the first time. Japanese built Datsuns, German Volkswagens and French Renaults are proving particularly popular with buyers, although British-built products from Ford, British Leyland, Vauxhall and Chrysler UK are still the most popular.
3 October - Undertakers go on strike in London, leaving more than 800 corpses unburied.
21 December - Four children die at a house fire in Wednesbury, West Midlands, as Green Goddess fire appliances crewed by hastily-trained troops are sent to deal with the blaze while firefighters are still on strike. 119 people have now died as a result of fires since the strike began, but this is the first fire during the strike which has resulted in more than two deaths.
30 January - Opposition leader Margaret Thatcher says that many Britons fear being “swamped by people with a different culture”.
31 January - 18-year-old prostitute Helen Rytka is murdered in Huddersfield; she is believed to be the eighth victim of the Yorkshire Ripper.
18 February - Twenty suspects arrested in connection with the Provisional Irish Republican Army (IRA) bombing of the La Mon restaurant in County Down which had killed 12 people and injured 30.
28 March - The government lost a motion of no confidence, later leading to the 1979 general election
26 September - 23 Ford car plants are closed across Britain due to strikes.
4 November - Many British bakeries impose bread rationing after a baker’s strike led to panic buying of bread.
30 November - An industrial dispute closes down The Times newspaper (until 12 November 1979)
West midlands motorcycle manufacturer Norton Villiers Triumph is liquidated.
Keith Moon Died
1979
5 January - Lorry drivers go on strike, causing new shortages of heating oil and fresh food.
10 January - LABOUR Prime Minister James Callaghan returns from an international summit to a Britain in a state of industrial unrest. The Sun newspaper reports his comments with a famous headline: “Crisis? What Crisis?”
12 February - Over 1,000 schools close due to the heating oil shortage caused by National lorry drivers’ strike.
1 March - National Health Service workers in the West Midlands threaten to go on strike in their bid to win a nine per cent pay rise.
30 March - Airey Neave, World War Two hero and Conservative Northern Ireland spokesman, is Assassinated by an Irish National Liberation Army bomb in the House of Commons car park.
4 April - Josephine Whitaker, a 19-year-old bank worker, is murdered in Halifax; police believe that she is the 11th woman to be murdered by the Yorkshire Ripper.
Largest number of working days lost through strike action since 1926.
4 May Election Day - Margaret Thatcher Won.
27 August - Louis Mountbatten, 1st Earl Mountbatten of Burma, last Viceroy of India - Assassinated by IRA
14 December – Michael Owen, footballer born