A Neoliberal Revolution?: Thatcherism and the Reform of British Pensions

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Dr Aled Davies (Career Development Fellow in Modern History, Jesus College, University of Oxford) Dr James Freeman (Lecturer in Digital Humanities, University of Bristol)

A Neoliberal Revolution?

Thatcherism and the Reform of British Pensions

Dr Aled Davies (Career Development Fellow in Modern History, Jesus College, University of Oxford), Dr James Freeman (Lecturer in Digital Humanities, University of Bristol), Hugh Pemberton

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English

Manchester University Press
01 August 2024

Central government; Welfare economics; Pensions

This book examines the Thatcher government's attempt to revolutionise Britain's pensions system in the 1980s and create a nation of risk-taking savers with an individual stake in capitalism.

Drawing upon recently-released archival records, it shows how the ideas motivating these reforms journeyed from the writings of neoliberal intellectuals into government and became the centrepiece of a plan to abolish significant parts of the UK's welfare state and replace these with privatised personal pensions. Revealing a government that veered between political caution and radicalism, the book explains why this revolution failed and charts the malign legacy left by the evolutionary changes that ministers salvaged from the wreckage of their reforms.

The book contributes to understanding of policy change, Thatcherism, and international neoliberalism by showing how major reforms to social security could reflect neoliberal thought and yet profoundly disappoint their architects.

By: Dr Aled Davies (Career Development Fellow in Modern History Jesus College University of Oxford), Dr James Freeman (Lecturer in Digital Humanities, University of Bristol), Hugh Pemberton
Imprint: Manchester University Press
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
ISBN: 9781526146526
ISBN 10: 1526146525
Pages: 416
Publication Date: 01 August 2024
Audience: College/higher education , Professional and scholarly , General/trade , Primary , Undergraduate
Format: Hardback
Publisher's Status: Active

Introduction Part I – The Neoliberal Vision 1 Neoliberalism and Thatcherism 2 Neoliberalism and the UK state in the 1970s Part II – The First Term 3 The institutional inheritance 4 Pensions ‘ratchet’ and ‘burden’ Part III – Planning a Revolution, 1983-5 5 The personal portable pension 6 The abolition of SERPS? Part IV – Implementation and Legacy 7 From revolution to evolution 8 Legacy Conclusion -- .

Aled Davies is Departmental and College Lecturer in Modern British History at St. John's College, University of Oxford. James Freeman is Senior Lecturer in Political History and Digital Humanities at the University of Bristol. Hugh Pemberton is Emeritus Professor of Contemporary British History at the University of Bristol.

Reviews for A Neoliberal Revolution?: Thatcherism and the Reform of British Pensions

CHOICE Recommended: 'This capstone book by three academics widely known in modern British politics and social policy is key to understanding the policy and politics of the Thatcher era of the late 1970s and 1980s, one of the most important eras in modern British history.' M. J. Moore, emeritus, Appalachian State University -- .