during tenure prime minister, margaret thatcher oversaw number of neoliberal reforms including tax reduction, reforming exchange rates, deregulation , privatization. these reforms continued , supported successor john major although opposed labour party @ time, largely left unaltered when latter came power in 1997. instead labour government under tony blair finished off variety of uncompleted privatisation , deregulation measures.
the adam smith institute, uk-based free market think tank , lobbying group formed in 1977 , major driver of aforementioned neoliberal reforms, officially changed libertarian label neoliberal in october 2016.
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