Editing Neoliberalism (section)

=== United Kingdom ===
During her tenure as [[Conservative Party (UK)|Conservative]] Prime Minister from 1979 to 1990, [[Margaret Thatcher]] oversaw a number of neoliberal policies, including [[tax cut|tax reduction]], [[exchange rate]] reform, [[deregulation]], and [[privatisation]].{{sfnp|Steger|Roy|2010|p=50}} These policies were continued and supported by her successor [[John Major]]. Although opposed by the [[Labour Party (UK)|Labour Party]], the policies were, according to some scholars, largely accepted and left unaltered when Labour returned to power in 1997 during the [[New Labour]] era under [[Tony Blair]].<ref name="Handbook144"/><ref>{{cite journal |last=Gray |first=John |date=2004 |title=Blair's Project in Retrospect |journal=[[International Affairs (journal)|International Affairs]] |volume=80 |issue=1 |pages=39–48 |doi=10.1111/j.1468-2346.2004.00364.x |jstor=3569292}}</ref>

The [[Adam Smith Institute]], a United Kingdom–based free-market think tank and lobbying group formed in 1977 which was a major driver of the aforementioned neoliberal policies,{{sfnp|Springer|Birch|MacLeavy|2016|p=[https://books.google.com/books?id=M5qkDAAAQBAJ&pg=PA374 374]}} officially changed its libertarian label to neoliberal in October 2016.<ref>{{cite web |url=https://www.adamsmith.org/blog/coming-out-as-neoliberals |title=Coming Out as Neoliberals |website=The [[Adam Smith Institute]] |date=October 11, 2016}}</ref>

According to economists Denzau and Roy, the "shift from Keynesian ideas toward neoliberalism influenced the fiscal policy strategies of New Democrats and New Labour in both the White House and Whitehall.... Reagan, Thatcher, Clinton, and Blair all adopted broadly similar neoliberal beliefs."<ref>Denzau, Arthur T., and Ravi K. Roy, ''Fiscal Policy Convergence from Reagan to Blair: The Left Veers Right'' ([[Routledge]], 2003). [https://books.google.com/books?id=MIR_AgAAQBAJ&pg=PT16 p. xvi]. {{ISBN|978-0415324137}}.</ref><ref>Daniel Stedman Jones. Chapter 13: "The Neoliberal Origins of the Third Way: How Chicago, Virginia and Bloomington Shaped Clinton and Blair". In Damien Cahill et al. eds. ''The SAGE Handbook of Neoliberalism'' (2018): 167ff. {{doi|10.4135/9781526416001.n14}}</ref>