Modern British Prime Ministers: Thatcher to May
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British Political History: Margaret Thatcher and Onwards
Margaret Thatcher
As the first female Prime Minister, Margaret Thatcher came to power in a country facing industrial and economic chaos. Despite having limited experience, she adopted a personal style of indomitable self-confidence and showed no weakness.
- She created free-market policies that included trade liberalisation, deregulation, austerity, and sweeping privatisation.
- She focused on breaking the power of unions and emphasized the individual and their enterprises.
- She rejected the welfare state in an attempt to promote free markets and lower inflation, shifting the economic focus from Keynesianism to monetarism and adopting a style of bullying authoritarianism.
- Thatcherism had profound