Thatcherism as a ideology as a whole consists of the general theory that it is a possible platform that adheres free markets, as well as decreased tax and government spending. What can be seen as the main connection between Thatcherism and classical liberal ideology would be the movement of Margaret Thatcher herself, as she has commonly been described to have had a liberal movement within the conservative party. The borrowed aspects of this liberal movement in the conservative party of Thatcherism would be emphasis placed onto having a free market that included a reduced amount of government intervention, which can be closely connected to classical liberal ideologys idea of a minimal amount of government intervention. Real-world examples of Thatcherisms attempts on a free market would include its efforts of privatisation, which could be seen on the 979 election manifesto, which then further privatised many industries such as British airways in 987 to name one.
Thatcherism can be seen to borrow many aspects of Classical Liberal Ideology, as discussed above, how
ever, it has only borrowed aspects, being an ideology of its own. Firstly, Thatcherism was considered a liberal movement that took place within the conservative party, meaning that it was not a full-fledged liberal movement, and was not considered to be level with Classical Liberal Ideology on many of its ideas. Some of these ideas included the fact that Thatcher during her reign as prime minister was considered by some to be authoritarian at times, meaning that she favoured strict obedience at the expense of personal freedom, whilst Classical Liberal Ideology promoted and supported a more gentle approach to the population, where they aimed to support the population whilst maintaining low levels of government intervention, something in which Thatcher didnt maintain, with some considering her administration to be iron-clad, with heavy amounts of intervention, despite her intensions of reducing government intervention. Thatcher also contradicted the ideas of classical liberal ideology by attempting to use government intervention to put an end to socialised welfare.