One interpretation places a sharper Conservative turn against government spending around the 1980s. Earlier Conservative governments are described as fiscally prudent while still willing to spend heavily when they considered it necessary. The distinction separates caution about expenditure from opposition to state spending in principle.
Notable Point · 35:38-36:02
An interpretation of Conservative spending before the 1980s
This interpretation separates fiscal prudence from blanket opposition to government spending and places the sharper Conservative change around the 1980s.