Margaret Thatcher
A research chemist at Somerville College, Oxford, before becoming a barrister, Thatcher was elected Member of Parliament for Finchley in 1959. Edward Heath appointed her Secretary of State for Education and Science in his Conservative government. In 1975, Thatcher defeated Heath in the Conservative Party leadership election to become Leader of the Opposition, the first woman to lead a major political party in the United Kingdom. She became Prime Minister after winning the 1979 general election.
Thatcher introduced a series of economic policies intended to reverse high unemployment and Britain's struggles in the wake of the Winter of Discontent and an ongoing recession.[nb 1] Her political philosophy and economic policies emphasised deregulation (particularly of the financial sector), flexible labour markets, the privatisation of state-owned companies, and reducing the power and influence of trade unions. Thatcher's popularity in her first years in office waned amid recession and increasing unemployment, until victory in the 1982 Falklands War and the recovering economy brought a resurgence of support, resulting in her decisive re-election in 1983. She survived an assassination attempt in the Brighton hotel bombing in 1984.
Thatcher was re-elected for a third term in 1987, but her subsequent support for the Community Charge ("poll tax") was widely unpopular, and her views on the European Community were not shared by others in her Cabinet. She resigned as Prime Minister and party leader in November 1990, after Michael Heseltine launched a challenge to her leadership. After retiring from the Commons in 1992, she was given a life peerage as Baroness Thatcher (of Kesteven in the County of Lincolnshire) which entitled her to sit in the House of Lords. In 2013, she died of a stroke in London at the age of 87.
Always a controversial figure, she is nonetheless viewed favorably in historical rankings of British prime ministers, and her tenure constituted a realignment towards neoliberal policies in the United Kingdom; despite the passage of time, debate over the complicated legacy of Thatcherism persists.
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