Thatcherism enabled the UK to regain economic competiveness
and drive down the independance of the individual by offering cheap housing, which of course everyone jumped at the chance, but the clever back lash of not being able to fight back against the employer for fear of loosing your job. The morgage company doesn't care about morals. Unions therefore lost the ability to wield power or influence over the government. For anyone not following... The government gets total power over the people.
and set the stage for unprecedented growth.
Not since the Industrial revolution, but you do have a point. Cheap labour was used then as well to the Governments advantage.