By Robert Hutton and Thomas Penny
Oct. 18 (
Bloomberg) -- British Prime Minister David Cameron threw a party Oct. 14 to celebrate his predecessor Margaret Thatcher’s achievements. This week, he will set out plans to tackle something even she couldn’t in her three terms: the U.K.’s welfare state.
In doing so, he’s challenging the doctrine that the government should offer, in Winston Churchill’s words, security “from the cradle to the grave,” and he risks opposition from all sectors of society -- including his Liberal Democrat coalition partners -- after the longest recession on record.
“Thatcher would have liked to do these reforms,” said Tim Bale, author of “The Conservative Party from Thatcher to Cameron” and professor of politics at Sussex University. “The problem is, when you have 2-3 million unemployed, to be seen to be making things harder for them is politically difficult.”
Cameron, 44, aims to virtually eliminate the biggest peacetime budget deficit by 2016, with cuts in ministries averaging 25 percent under a June 22 blueprint that protects the National Health Service. Total government spending would fall by 0.7 percent a year in real terms. Under Thatcher, 85, who was known as the Iron Lady, it rose by an annual 1.2 percent over her 11 years in power to 1990. .........(more)
The complete piece is at:
http://noir.bloomberg.com/apps/news?pid=20601109&sid=aeteO7y75aws&pos=11