George Galloway: 'Britain's economic policy has been ruinous ever since Margaret Thatcher'

'The UK's approach to neo-liberal economics has been completely ruinous since Margaret Thatcher', says George Galloway

George Galloway believes the UK's approach to neo-liberal economics has been ruinous

Tuesday, February 14, 2017

The UK's approach to economics has been completely ruinous since Margaret Thatcher's rule, according to George Galloway. 

In 1984 Thatcher, the then-prime minister, announced plans to close the majority of the UK's coal mines and Galloway believes that is the act that has ruined our economy.

After talking to a caller about the state of the current economy, he said: “The reality is that since Thatcher our approach toward neo-liberal economics has been completely ruinous."

Closing coal mines, he said,"has deindustrialised our country and put nothing in its place. It’s a triumph of accountancy over economics.

“It might have looked good on an accountants spreadsheet, but was economic nonsense."

The talkRADIO presenter also added that it not only affected the economy, but also left a “social impact of entire communities being effectively destroyed in a triumph of accountancy."

Listen to the audio above 

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