Concept

Margaret Thatcher

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Margaret Hilda Thatcher, Baroness Thatcher (née Roberts; 13 October 1925 – 8 April 2013) was a British stateswoman who served as Prime Minister of the United Kingdom from 1979 to 1990 and Leader of the Conservative Party from 1975 to 1990. She was the longest-serving British prime minister of the 20th century and the first woman to hold the office. As prime minister, she implemented policies that came to be known as Thatcherism. A Soviet journalist dubbed her the "Iron Lady", a nickname that became associated with her uncompromising politics and leadership style.

Thatcher studied chemistry at Somerville College, Oxford, and worked briefly as a research chemist before becoming a barrister. She was elected Member of Parliament for Finchley in 1959. Edward Heath appointed her Secretary of State for Education and Science in his 1970–1974 government. In 1975 she defeated Heath in the Conservative Party leadership election to become Leader of the Opposition and the first woman to lead a major British political party.

On becoming prime minister after winning the 1979 general election, Thatcher introduced a series of economic policies intended to reverse high inflation and Britain's struggles in the wake of the Winter of Discontent and an oncoming recession. Her political philosophy and economic policies emphasised greater individual liberty, the privatisation of state-owned companies, and reducing the power and influence of trade unions. Her popularity in her first years in office waned amid the recession and rising unemployment. Victory in the 1982 Falklands War and the recovering economy brought a resurgence of support, resulting in the Conservative Party being returned to government in a landslide victory in 1983. She survived an assassination attempt by the Provisional IRA in the 1984 Brighton hotel bombing and achieved a political victory against the National Union of Mineworkers in the 1984–85 miners' strike. In 1986 Thatcher oversaw the deregulation of UK financial markets, leading to an economic boom, in what came to be known as the Big Bang. Thatcher was re-elected for a third term with another landslide in 1987, but her subsequent support for the Community Charge (also known as the "poll tax") was widely unpopular, and her increasingly Eurosceptic views on the European Community were not shared by others in her cabinet. She resigned as prime minister and party leader in 1990, after a challenge was launched to her leadership, and was succeeded by John Major, her Chancellor of the Exchequer.

After retiring from the House of Commons in 1992, Thatcher was given a life peerage, which entitled her to sit in the House of Lords. In 2013 she died of a stroke at the Ritz Hotel, London, at the age of 87. A polarising figure in British politics, she is nonetheless viewed favourably in historical rankings and public opinion of British prime ministers. Her tenure constituted a realignment towards neoliberal policies in Britain; the complex legacy attributed to this shift continues to be debated into the 21st century.

Overview adapted from Wikipedia (CC BY-SA 4.0; see the article history for authors).

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In both cases, too, these great governing masses take no part in the executive functions. As, after a conflict in the cerebrum, those desires which finally predominate, act on the subjacent ganglia, and through their instrumentality determine the bodily actions; so the parties which, after a parliamentary struggle, gain the victory, do not themselves carry out their wishes, but get them carried out by the executive…
Herbert Spencer, Illustrations of Universal Progress
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England must contrive to manage its living interests, and quit its dead ones and their methods, or else depart from its place in this world. Surely England is called as no Nation ever was, to summon out its _kings_, and set them to that high work!--Huge inorganic England, nigh choked under the exuviae of a thousand years, and blindly sprawling amid…
Thomas Carlyle, Latter-Day Pamphlets
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On the other hand, the increase of political liberty, the abolition of laws restricting individual action, and the amelioration of the criminal code, have been accompanied by a kindred progress towards non-coercive education: the pupil is hampered by fewer restraints, and other means than punishments are used to govern him. In those ascetic days when men, acting on the greatest-misery principle, held that the more…
Herbert Spencer, Essays on education and kindred subjects
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Margaret Thatcher

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