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The public sector in the UK has been reduced during the 1980s and 1990s as a result of privatization and denationalization policies of corporations, publicly owned. There was also an improvement in living standards. Unemployment and inflation have been gradually reduced, but remained high. Currently, government policy include frequent monitoring and regulation of interest rates, a gradual reduction in the level of direct personal taxation; reducing levels of national power and influence of trade unions, support for a wider ownership of their own homes and stocks in companies in individuals.
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