Market economy.

Nationalized enterprises. Moreover, it is in their trying to plan economic development. So, first developed a program of English economy, then the "national plan". Their expression in life was planned accordingly in the first and second half 60-ies. However, the program, and the plan was not implemented, and attempts to enforce them ended acceleration inflation, deterioration in other indicators of economic development of the country. In the late 70's annual inflation rate rose to 15% per year at the beginning of this period has slowed, and then did Terminated tilsya production growth. For example, in the mid 70-ies Industrial output was 11% lower compared with the early 60-ies. Unemployment rose to a record size, decreased standard of living populations Nia sharply increased foreign debt of Great Britain. All attempts by the Labor Party to solve these problems in ways strengthening state regulation of economic success not have. There was a crisis of economic policy, based on the Keynesian concept. Changing paradigms was inevitable. On the new way the government embarked Conservatives led by Margaret Thatcher, came to power in May 1979 The new government immediately began to place - Niya the ideas of economic liberalism, aiming to reduce the state's role in the economy, strengthening the function tions of market self-regulation mechanisms. Aim was to reduce and then strictly controlled, Immunized rate of monetary growth, lower rates of taxation - supply and reduce the tax control over the operation - eat market, abolish price controls and wages. At the same time adopted such anti-inflationary measures, as shorted State loan private sector, limiting government spending in general. As a result already in 1982-1983,. inflation fell to 5% per year. Then they increased slightly. Another important direction monetarist reforms in Britain - at a significant rate reduction, and in some industries and the complete elimination of the public sector. It expressed in a wide range of denationalization and stimulating private business. Private firms sold rich mo.