By Francis J. Greene;Kevin F. Mole;David John Storey
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Additional resources for Three Decades of Enterprise Culture: Entrepreneurship, Economic Regeneration and Public Policy
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To the west of these councils was Darlington which was deemed another unitary council area. The Darlington area was brought into the area to form Teesside. 4. 3), is firmly located in the South East 'Home' counties. Like Teesside, it too saw its boundaries redefined after 1974 with the former Buckinghamshire towns of Slough and Eton becoming part of the neighbouring county of Berkshire whilst the county gained the 'new town' of Milton Keynes in 1967. 4). Shropshire, like Buckinghamshire, has also no direct access to the sea.
Since that time, we have seen the now familiar picture of the economic success of Buckinghamshire and the modest position of 120 I -+--Cleveland ... s:::. Gi 90 0 80 Q. Q. 7 Three counties GOP per head (UK= 100), 1977-1995. Source: ONS, 2005. 44 Three Decades of Enterprise Culture Shropshire. 7, though, shows is that every gain by Buckinghamshire has been matched by a decline in Teesside; the latter has inexorably slipped over the 18-year period from being 10 per cent above the UK average to some 10 per cent below the UK average.
In the late 1970s- early 1980s there was a major recession in the UK. 5 per cent in the period 1980-1981. The UK was not alone in this. All of the major industrialised economies experienced a recession during this period due in part to another seismic increase in oil prices in 1979. However, everything changed with the arrival of a new government under Margaret Thatcher in 1979. She was committed to a repudiation of Keynesian demand side policies. Her agenda was to reduce the role of the state and the power of trade unions, to lower taxes and to move Britain away from what she viewed as a 'dependency culture' and instead to create an 'enterprise culture'.