Left–right political spectrum
The terms left-wing and right-wing are widely used in the United States, but as on the global level there is no firm consensus about their meaning. The only aspect that is generally agreed upon is that they are the defining opposites of the United States political spectrum. Left and right in the U.S. are generally associated with liberal and conservative respectively, although the meanings of the two sets of terms do not entirely coincide. Depending on the political affiliation of the individual using them, these terms can be spoken with varying implications. A 2005 poll of 2,209 American adults showed that "respondents generally viewed the paired concepts liberals and left-wingers and conservatives and right-wingers as possessing, respectively, generally similar political beliefs", but also showed that around ten percent fewer respondents understood the terms left and right than understood the terms liberal and conservative.
Conservative Party (UK)
The second main grouping in the Conservative Party is the "free-market wing" of economic liberals who achieved dominance after the election of Margaret Thatcher as party leader in 1975. Their goal was to reduce the role of the government in the economy and to this end they supported cuts in direct taxation, the privatisation of nationalised industries and a reduction in the size and scope of the welfare state. Supporters of the "free-market wing" have been labelled as "Thatcherites". The group has disparate views of social policy: Thatcher herself was socially conservative and a practising Anglican but the free-market wing in the Conservative Party harbour a range of social opinions from the civil libertarian views of Michael Portillo, Daniel Hannan, and David Davis to the traditional conservatism of former party leaders William Hague and Iain Duncan Smith. The Thatcherite wing is also associated with the concept of a "classless society".