It was almost as though a tacit deal had been struck; you can have diversity, minority rights and discrimination laws if we can have privatisation, deregulation and tax cuts. The effect was to take policies that were popular with the public off the agenda on the grounds that they were publicly unacceptable. This applied both to left-wing and right-wing policies.
For the last 30 years, the two liberalisms have prevailed in the UK, the economic liberalism of the right and the social liberalism of the left. The Conservatives concentrated on deregulation, union busting and privatisation, while talking tough, but avoiding any action on, on immigration, political correctness and traditional values. Meanwhile, Labour focused on a socially liberal agenda without attempting to roll back the economic gains of the right.