How did Tony Blair succeed to make Labour Party electable after it wasbelieved to be in political wilderness and some even predicted that the 1990sare to be Labours final hour? Adapting to the new realities Labour Partychanged its name into New Labour and parted with some traditionalconvictions embedded in the old-style socialist democracy. In order tocompete for office it embraced many policies qualified as Thatcherite. Duringher tenure Thatcher changed British politics in an almost revolutionarymanner. She broke with the post-war consensus politics - so-called onenation politics - and pursued neo-liberal objectives. Free market-economy wasthe most salient feature of her policies; monetarism and privatisation wereused as economic tools to make Britain a prosperous and competitiveeconomy again. Resemblances and parallels between Thatchers and Blairspolicies on examples of economy social policies and the governance style arefar too striking to be coincidences. Hence how much Thatcherism is inBlairism.
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