Who was Margaret Thatcher?
Margaret Thatcher grew up in Grantham, where her father kept a shop and was a local mayor. At Oxford she read chemistry, and later she qualified as a barrister, and in 1959 she became MP for Finchley. She served as Education Secretary in Edward Heath's cabinet, and in 1975 she defeated him to lead the Conservatives. As prime minister from 1979 she won again in 1983 and 1987, and she took the country through the 1982 Falklands War. Unemployment was very high in her first years, and a miners' strike ran from 1984 to 1985. A challenge from her own party ended her time in office in November 1990. She was later given a seat in the Lords and died in London in 2013.
Political views
- Her government sold off state industries, cut taxes, loosened rules on business and reformed trade union law. The aim was to shrink the role of the state.Source: gov.uk
- Under the Housing Act 1980, council tenants gained the right to buy their homes.Source: gov.uk
- She brought market ideas into health care and schools.Source: gov.uk
- She sent a task force to the Falkland Islands in 1982 after Argentina took them.Source: gov.uk
- She built a warm working bond with US president Ronald Reagan in the Cold War years.Source: gov.uk
- She refused to hand extra authority to the European Parliament and Commission, and she would not accept a shared currency.Source: api.parliament.uk
Legacy
Supporters say Thatcher turned around a declining economy, tamed inflation, broke union power, spread home and share ownership and helped bring the Cold War to a close. Critics blame her policies for heavy unemployment in the early 1980s and for the decline of heavy industry across much of the north, Scotland and Wales. They also point to growing inequality and the hated community charge. The set of ideas called Thatcherism still divides opinion. Rows with colleagues over Europe helped bring her down in 1990. Later governments, Labour ones included, kept much of her economic settlement, such as privatised utilities and union laws. Supporters see that as proof of a lasting change.
In their own words
“he wanted the European Parliament to be the democratic body of the Community, he wanted the Commission to be the Executive and he wanted the Council of Ministers to be the Senate. No. No. No.”
