Up until the mid-19th century, the forerunners of the Conservatives were known as [[Tory|Tories]], and the name has persisted as a common nickname both for the political party and those believed to be in agreement with it. Since the late 1970s, UK conservatives have been defined by an advocacy of [[Laissez-faire]] economics, privatization and lower taxation.<!-- Citations needed --> | Up until the mid-19th century, the forerunners of the Conservatives were known as [[Tory|Tories]], and the name has persisted as a common nickname both for the political party and those believed to be in agreement with it. Since the late 1970s, UK conservatives have been defined by an advocacy of [[Laissez-faire]] economics, privatization and lower taxation.<!-- Citations needed --> |