MARGARET
THATCHER
Con servative PM (1979 -1990)
That cheri sm w as t he N ew Ri ght i deo l o gy ado pt ed by Margaret That cher, t he part y l eader fro m 1975
unt i l 1990 (and Pri m e Mi ni st er fro m 1979 unt i l 1990), and t he do m i nant i deo l ogy w i t hi n t he
C o nserv at ive Part y duri ng t hi s peri o d. She o v ert urned t he po st -war co nsensus by pursui ng
m o net ari sm, pri v at isi ng st at e-owned i ndustry and reduci ng t rade uni o n po w er.
, Power & Influence
Public Popularity, Media Support,
Cabinet and Party, Policy, Ev ents
I n 1975, Margaret Victory in 1982
Thatcher defeated Falklands War w as seen
Edw ard Heath (PM as a triumph for the I ron
from 1970-1974 and Lady, combined with
Leader of economic recov ery,
Conserv ativ e Party Her refusal at a time of helped her win the
from 1965-1975) in recession to bow to election the next year.
the Conserv ativ e pressure to tone dow n
Party leadership the monetarist budget
election to become of 1981 – and the
Leader of the unw illingness of
Opposition. She w as cabinet critics to seize
the first w oman to the initiativ e – prov ed
lead a major decisiv e. This enabled By 1990, Thatcher had few
political party in the her to create a allies left in the Cabinet. This
UK. cabinet of ideological relativ e w eakness w as
allies. exploited by John Major to
enter UK into the European
Exchange Rate Mechanism
(she had prev iously
opposed to this).
Thatcher failed to w in
on the first ballot of
the conserv ativ e
leadership election.
Few cabinet ministers
offered their support
to her and ev entually
Thatcher resigned.
1975 1981 1982 1990 Time
Rise and fall of Margaret
Thatcher
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