4 aspects on Margaret Thatcher & the loan atmosphere

Today, many UK citizens have home ownership

09:25 17 April 2013

The recent passing of Margaret Thatcher has renewed old memories, both from those who admired, and from those who despised her policies. It is only fair, at this time, to recognize, where applicable, the significant contributions that helped lay the groundwork for a different way of financial thinking, including how to think about loans.

 

There are many different points of opinion on the subject, so instead the focus here is simply on remembering the different programmes and policies which were put in place, specifically where loans were concerned.

 

Here were a few of the plans and policies that Margaret Thatcher initiated regarding credit and loans for the people of the United Kingdom:

 

• Initiated “Right to Buy” scheme—allowed people who previously weren’t able to obtain loans the ability to purchase a home.
• Allowed people to have larger loans than previously
• Proponent of making loans easier to obtain
• Lifted exchange controls

 

The shifts in financial thinking may have helped to lay the current foundation for economics that we currently have. The programmes have been added to so that more people have the opportunity to receive loans and purchase homes.