I awoke to the BBC revealing some of the details from 1979-80 from the Thatcher archive. As always, and as then, the talk was about the cuts not working. If they cared to look back at the figures, they would see that in her first year in office Margaret Thatcher’s government put through a huge increase in public spending, honouring commitments to very large pay awards throughout the public sector. Strangely the awards were the “Clegg awards”. From memory cash public spending rose by almost one quarter. Controlling growth in public spending (“the cuts”) started properly in the 1981 budget. Even these so called “cuts” meant public spending in the public sector’s preferred “real terms” continued to grow by more than the growth of the economy for the first four years of her Premiership. In the second half of her term stronger economic growth cut welfare and benefit spending as more people went to work. Over her term as a whole public spending grew by 1.1% a year in real terms. The government’s popularity nosedived in the first couple of years when spending was still surging. Economic recovery and recovery in popularity occurred after the 1981 budget, once control over spending and borrowing was asserted.