I'm not sure those things applied to Thatcher's time ronib.
Even so, it does seem as if the Tory Party have been incredibly lucky, if what you blame has been the complete answer.
Unlucky PMs are not popular, unlucky parties would, I think, be less so. It would probably pay the Conservatives to give some background figures as to what wasn't spent and then where this money, and the higher taxes, went.
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