Which major economic policy was central to Margaret Thatcher’s government (1979-1990) in the United Kingdom?

💡 Explanation:

The central pillar of 'Thatcherism' was a shift from a post-war consensus of state-managed capitalism to a free-market-oriented economy. This included the widespread privatization of major state-owned industries and utilities (like British Telecom, British Gas, and British Airways) to increase efficiency and competition. The policy also included monetarism to control inflation and significant legal curbs on trade union power.