
Keith Joseph, who was head of policy at the Conservative Party between 1975 and its successful election in 1979, was strongly influenced by the Institute of Economic Affairs. He helped set up the CPS as a kind of politicized version of the IEA, with the aim of promulgating its ideals around the political establishment -- in particular, around the Conservative Party
During Margaret Thatcher's tenure as Prime Minister, the CPS enjoyed a considerable influence over policy, which declined rapidly following the departure of Keith Joseph from government in 1986, and Thatcher's removal in 1990.
Sources:
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