Chippy_boy
Well-Known Member
What I meant was how much of our oil and gas revenues were spent on that, which was your point. Had you said some of it went on that, then OK. But you did say most.just the actual published unemployment figures
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The Thatcher years in statistics
Margaret Thatcher's premiership was a time of immense social and economic change, bringing high unemployment and industrial unrest but also home ownership and low taxation.www.bbc.co.uk
Doing a quick google, north sea oil and gas generated about £10bn per year in government revenue at its peak in the 1980's vs a dole bill at the time typically 3 or 4, peaked briefly at 6. So on face value there's some merit in what you say, although it is a bit less than half to be strictly accurate.
But you cannot attribute 100% of the unemployment to Thatcher. There were 1.3m unemployed when she first entered office.
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