Kare Willoch

On October 14, 1981, Willoch became Prime Minister, leading a coalition government of the Conservative Party, Christian Democratic Party, and Centre Party. This ended 35 years of Labour Party rule, marking a major political shift.

Willoch's government introduced market-oriented reforms, including deregulation of credit markets, tax cuts, and privatization of state-owned enterprises. These policies aimed to stimulate economic growth but also led to increased inequality and a banking crisis later.

After the 1985 election, Willoch formed a minority Conservative government, continuing his liberalization policies. However, his government struggled with a declining oil price and rising unemployment, leading to unpopular austerity measures.

Willoch resigned as Prime Minister in May 1986 after losing a vote of confidence over proposed tax increases on gasoline. The defeat came after the Chernobyl disaster heightened public concern about nuclear power, which was linked to the tax issue.