Margaret Thatcher

Margaret Hilda Thatcher, Baroness Thatcher, LG, OM, PC, FRS  born 13 October 1925 is a former Prime Minister of the United Kingdom who served from 1979 to 1990.

Born in Grantham, Lincolnshire, Thatcher studied chemistry at Somerville College, Oxford before qualifying as a barrister. In the 1959 general election she became MP for Finchley. Edward Heath appointed Thatcher Secretary of State for Education and Science in his 1970 government. In 1975 she was elected Leader of the Conservative Party, the first woman to head a major UK political party, and in 1979 she became the UK's first female Prime Minister.

After entering 10 Downing Street Thatcher was determined to reverse what she perceived as a precipitous national decline. Her political philosophy and economic policies emphasised deregulation, particularly of the financial sector, flexible labour markets, the sale or closure of state-owned companies, and the withdrawal of subsidies to others. Thatcher's popularity waned amid recession and high unemployment, until economic recovery and the 1982 Falklands War brought a resurgence of support resulting in her re-election in 1983.

Thatcher survived an assassination attempt in 1984, and her hard line against trade unions and tough rhetoric in opposition to the Soviet Union earned her the nickname of the "Iron Lady". Thatcher was re-elected for a third term in 1987, but her Community Charge 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's challenge to her leadership of the Conservative Party.

Thatcher holds a life peerage as Baroness Thatcher, of Kesteven in the County of Lincolnshire, which entitles her to sit in the House of Lords.

Early life and education

Margaret Roberts was born on 13 October 1925. Her father was Alfred Roberts, originally from Northamptonshire, and her mother was Beatrice Ethel (née Stephenson) from Lincolnshire. She spent her childhood in Grantham, where her father owned two grocery shops. She and her older sister Muriel were raised in the flat above the larger of the two, located near the railway line. Her father was active in local politics and religion, serving as an alderman and a Methodist lay preacher,and brought up his daughter as a strict Methodist. He came from a Liberal family but stood – as was then customary in local government – as an Independent. He lost his position as alderman in 1952 after the Labour Party won its first majority on Grantham Council in 1950.

Roberts attended Huntingtower Road Primary School and won a scholarship to Kesteven and Grantham Girls' School. Her school reports showed hard work and continual improvement; her extracurricular activities included the piano, field hockey, poetry recitals, swimming and walking. She was head girl in 1942–43. In her upper sixth year she applied for a scholarship to study chemistry at Somerville College, Oxford but was initially rejected, and only offered a place after another candidate withdrew. She arrived at Oxford in 1943 and graduated in 1947 with Second Class Honours in the four-year Chemistry Bachelor of Science degree; in her final year she specialised in X-ray crystallography under the supervision of Dorothy Hodgkin.

Roberts became President of the Oxford University Conservative Association in 1946. She was influenced at university by political works such as Friedrich von Hayek's The Road to Serfdom (1944), which condemned economic intervention by government as a precursor to an authoritarian state.

After graduating, Roberts moved to Colchester in Essex to work as a research chemist for BX Plastics. She joined the local Conservative Association and attended the party conference at Llandudno in 1948, as a representative of the University Graduate Conservative Association. One of her Oxford friends was also a friend of the Chair of the Dartford Conservative Association in Kent, who were looking for candidates. Officials of the association were so impressed by her that they asked her to apply, even though she was not on the Conservative party's approved list: she was selected in January 1951 and added to the approved list post ante. At a dinner following her formal adoption as Conservative candidate for Dartford in February 1951 she met Denis Thatcher, a successful and wealthy divorced businessman, who drove her to her Essex train. In preparation for the election Roberts moved to Dartford, where she supported herself by working as a research chemist for J. Lyons and Co. in Hammersmith, part of a team developing emulsifiers for ice cream.

Prime Minister (1979–1990)

Thatcher became Prime Minister on 4 May 1979. Arriving at 10 Downing Street, she said, in a paraphrase of the "Prayer of Saint Francis":

Where there is discord, may we bring harmony. Where there is error, may we bring truth. Where there is doubt, may we bring faith. And where there is despair, may we bring hope.

Domestic affairs

Thatcher was Prime Minister at a time of great racial tension in Britain. Her standing in the polls rose by 11 percent after she said in a TV interview during campaigning for the 1979 election: "The moment a minority threatens to become a big one, people get frightened. The British character has done so much for democracy, for law, that if there is any fear that it might be swamped, people are going to react and be rather hostile to those coming in". The Conservatives attracted voters from the National Front, whose support almost collapsed. The Economist noted "The Tory tide swamped the smaller parties, specifically the National Front, which suffered a clear decline".  In confidential official documents she objected to the number of Asian immigrants in July 1979, in the context of limiting the number of Vietnamese boat people allowed to settle in the UK. Her stance on these issues was perceived as part of a rising racist public discourse, which professor Martin Barker called "new racism".

As Prime Minister, Thatcher met weekly with Queen Elizabeth II to discuss government business, and their relationship came under close scrutiny. In July 1986 the Sunday Times reported claims attributed to the Queen's advisers of a "rift" between Buckingham Palace and Downing Street "over a wide range of domestic and international issues". The Palace issued an official denial, heading off speculation about a possible constitutional crisis. After Thatcher's retirement a senior Palace source again dismissed as "nonsense" the "stereotyped idea" that she had not got along with the Queen, or that they had fallen out over Thatcherite policies. Thatcher later wrote "... I always found the Queen's attitude towards the work of the Government absolutely correct. ... stories of clashes between 'two powerful women' were just too good not to make up.

Foreign affairs

Thatcher took office in the final decade of the Cold War and became closely aligned with the policies of United States President Ronald Reagan, based on their mutual distrust of Communism, although she strongly opposed Reagan's October 1983 invasion of Grenada. During her first year as Prime Minister she supported NATO's decision to deploy US nuclear cruise and Pershing missiles in Western Europe, and permitted the US to station more than 160 cruise missiles at RAF Greenham Common, starting on 14 November 1983 and triggering mass protests by the Campaign for Nuclear Disarmament. She bought the Trident nuclear missile submarine system from the US to replace Polaris, tripling the UK's nuclear forces at an eventual cost of more than £12 billion (at 1996–97 prices).Thatcher's preference for defence ties with the US was demonstrated in the Westland affair of January 1986, when she acted with colleagues to allow the struggling helicopter manufacturer Westland to refuse a takeover offer from the Italian firm Agusta in favour of the management's preferred option, a link with Sikorsky Aircraft Corporation. The UK Defence Secretary, Michael Heseltine, who had supported the Agusta deal, resigned in protest.

On 2 April 1982 the ruling military junta in Argentina ordered the invasion of the British Falkland Islands and South Georgia, triggering the Falklands War. The subsequent crisis was "a defining moment of her Thatcher's premiership". At the suggestion of Harold Macmillan and Robert Armstrong, she set up and chaired a small War Cabinet (formally called ODSA, Overseas and Defence committee, South Atlantic) to take charge of the conduct of the war, which by 5–6 April had authorised and despatched a naval task force to retake the islands. Argentina surrendered on 14 June and the operation was hailed a success, notwithstanding the deaths of 255 British servicemen and 3 Falkland Islanders. Argentinian deaths totalled 649, half of them after the nuclear-powered submarine HMS Conqueror torpedoed and sank the cruiser ARA General Belgrano on 2 May. Thatcher was criticised for the neglect of the Falklands' defence that led to the war, and notably by Tam Dalyell in parliament for the decision to sink the Belgrano, but overall she was considered a highly talented and committed war leader. The "Falklands factor", an economic recovery beginning early in 1982, and a bitterly divided Labour opposition contributed to Thatcher's second election victory in 1983.

The Thatcher government supported the Khmer Rouge keeping their seat in the UN after they were ousted from power in Cambodia by the Cambodian–Vietnamese War.Although denying it at the time they also sent the SAS to train the Khmer Rouge alliance to fight against the Vietnamese backed People's Republic of Kampuchea government.

Thatcher's antipathy towards European integration became more pronounced during her premiership, particularly after her third election victory in 1987. During a 1998 speech in Bruges she outlined her opposition to proposals from the European Community (EC), forerunner of the European Union, for a federal structure and increased centralisation of decision making. She had supported British membership of the EC, despite believing that the role of the organisation should be limited to ensuring free trade and effective competition, and feared that the EC's approach was at odds with her views on smaller government and deregulation; in 1988, she remarked, "We have not successfully rolled back the frontiers of the state in Britain, only to see them re-imposed at a European level, with a European super-state exercising a new dominance from Brussels". Thatcher was firmly opposed to the UK's membership of the Exchange Rate Mechanism, a precursor to European monetary union, believing that it would constrain the British economy, despite the urging of her Chancellor of the Exchequer Nigel Lawson and Foreign Secretary Geoffrey Howe, but she was persuaded by John Major to join in October 1990, at what proved to be too high a rate.

Privatisation

The policy of privatisation has been called "a crucial ingredient of Thatcherism". After the 1983 election the sale of state utilities accelerated; more than £29 billion was raised from the sale of nationalised industries, and another £18 billion from the sale of council houses.

The process of privatisation, especially the preparation of nationalised industries for privatisation, was associated with marked improvements in performance, particularly in terms of labour productivity, although it is not clear how far this can be attributed to the merits of privatisation itself. Andrew Glyn, a Marxian economist, believed that the "productivity miracle" observed in British industry under Thatcher was achieved not so much by increasing the overall productivity of labour as by reducing workforces and increasing unemployment. A number of the privatised industries including gas, water, and electricity, were natural monopolies for which privatisation involved little increase in competition. The privatised industries that demonstrated improvement often did so while still under state ownership. British Steel, for instance, made great gains in profitability while still a nationalised industry under the government-appointed chairmanship of Ian MacGregor, who faced down trade-union opposition to close plants and reduce the workforce by half. Regulation was also significantly expanded to compensate for the loss of direct government control, with the foundation of regulatory bodies like Ofgas, Oftel and the National Rivers Authority. There was no clear pattern to the degree of competition, regulation, and performance among the privatised industries; in most cases privatisation benefitted consumers in terms of lower prices and improved efficiency, but the results overall were "mixed".

Thatcher always resisted rail privatisation, and was said to have told Transport Secretary Nicholas Ridley "Railway privatisation will be the Waterloo of this government. Please never mention the railways to me again." Shortly before her resignation, she accepted the arguments for privatising British Rail, which her successor John Major implemented in 1994. The Economist later considered the move to have been "a disaster".

The privatisation of public assets was combined with financial deregulation in an attempt to fuel economic growth. Geoffrey Howe abolished Britain's exchange controls in 1979, allowing more capital to be invested in foreign markets, and the Big Bang of 1986 removed many restrictions on the London Stock Exchange. The Thatcher government encouraged growth in the finance and service sectors to compensate for Britain's ailing manufacturing industry. Political economist Susan Strange called this new financial growth model "casino capitalism", reflecting her view that speculation and financial trading were becoming more important to the economy than industry.

Resignation

Thatcher was challenged for the leadership of the Conservative Party by virtually unknown backbench MP Sir Anthony Meyer in the 1989 leadership election. Of the 374 Conservative MPs eligible to vote 314 voted for Thatcher and 33 for Meyer. Her supporters in the party viewed the result as a success, and rejected suggestions that there was discontent within the party.

During her premiership Thatcher had the second-lowest average approval rating, at 40 percent, of any post-war Prime Minister. Polls consistently showed that she was less popular than her party. A self-described conviction politician, Thatcher always insisted that she did not care about her poll ratings, pointing instead to her unbeaten election record.

Opinion polls in September 1990 reported that Labour had established a 14% lead over the Conservatives, and by November the Conservatives had been trailing Labour for 18 months. These ratings, together with Thatcher's combative personality and willingness to override colleagues' opinions, contributed to discontent within the Conservative party.

On 1 November 1990 Geoffrey Howe, the last remaining member of Thatcher's original 1979 cabinet, resigned from his position as Deputy Prime Minister over her refusal to agree to a timetable for Britain to join the European single currency. In his resignation speech on 13 November, Howe commented on Thatcher's European stance: "It is rather like sending your opening batsmen to the crease only for them to find the moment that the first balls are bowled that their bats have been broken before the game by the team captain." His resignation was fatal to Thatcher's premiership.

The next day, Michael Heseltine mounted a challenge for the leadership of the Conservative Party.Opinion polls had indicated that he would give the Conservatives a national lead over Labour. Although Thatcher won the first ballot, Heseltine attracted sufficient support (152 votes) to force a second ballot.Thatcher initially stated that she intended to "fight on and fight to win" the second ballot, but consultation with her Cabinet persuaded her to withdraw. After seeing the Queen, calling other world leaders, and making one final Commons speech, she left Downing Street in tears. She regarded her ousting as a betrayal.

Thatcher was replaced as Prime Minister and party leader by her Chancellor John Major, who oversaw an upturn in Conservative support in the 17 months leading up to the 1992 general election and led the Conservatives to their fourth successive victory on 9 April 1992.

Since 2003

Sir Denis Thatcher died on 26 June 2003 and was cremated on 3 July. She had paid tribute to him in The Downing Street Years, writing "Being Prime Minister is a lonely job. In a sense, it ought to be: you cannot lead from the crowd. But with Denis there I was never alone. What a man. What a husband. What a friend".

On 11 June 2004 Thatcher attended the state funeral service for Ronald Reagan. She delivered her eulogy via videotape; in view of her health, the message had been pre-recorded several months earlier. Thatcher then flew to California with the Reagan entourage, and attended the memorial service and interment ceremony for the president at the Ronald Reagan Presidential Library.

Thatcher celebrated her 80th birthday at the Mandarin Oriental Hotel in Hyde Park, London, on 13 October 2005, at which the guests included the Queen, The Duke of Edinburgh, Princess Alexandra and Tony Blair. Geoffrey Howe, by then Lord Howe of Aberavon, was also present, and said of his former leader: "Her real triumph was to have transformed not just one party but two, so that when Labour did eventually return, the great bulk of Thatcherism was accepted as irreversible.

In 2006 Thatcher attended the official Washington, D.C. memorial service to commemorate the fifth anniversary of the 11 September 2001 attacks on the United States. She was a guest of the Vice President, Dick Cheney, and met with Secretary of State Condoleezza Rice during her visit.

In February 2007 Thatcher became the first living UK Prime Minister to be honoured with a statue in the Houses of Parliament. The bronze statue stands opposite that of her political hero, Sir Winston Churchill,[192] and was unveiled on 21 February 2007 with Thatcher in attendance; she made a rare and brief speech in the members' lobby of the House of Commons, responding: "I might have preferred iron – but bronze will do ... It won't rust.

Honours

Thatcher became a Privy Councillor (PC) upon becoming Secretary of State for Education and Science in 1970. She was appointed a Member of the Order of Merit (OM) (an order within the personal gift of the Queen) within two weeks of leaving office. Denis Thatcher was made a Baronet at the same time. She became a peer in the House of Lords in 1992 with a life peerage as Baroness Thatcher of Kesteven in the County of Lincolnshire. She was appointed a Lady Companion of the Order of the Garter, the UK's highest order of chivalry, in 1995.

She was elected as a Fellow of the Royal Society (FRS) in 1983, and was the first woman entitled to full membership rights as an honorary member of the Carlton Club on becoming leader of the Conservative Party in 1975.

In the Falkland Islands, Margaret Thatcher Day has been marked every 10 January since 1992,commemorating her visit in 1983. Thatcher Drive in Stanley is named for her, as is Thatcher Peninsula in South Georgia, where the task force troops first set foot on the Falklands.

Thatcher has been awarded the Presidential Medal of Freedom, the highest civilian honour awarded by the US; the Republican Senatorial Medal of Freedom; and the Ronald Reagan Freedom Award. She is a patron of the Heritage Foundation, which established the Margaret Thatcher Center for Freedom in 2005. Speaking of Heritage president Ed Feulner, at the first Clare Booth Luce lecture in September 1993, Thatcher said: "You didn't just advise President Reagan on what he should do; you told him how he could do it. And as a practising politician I can testify that that is the only advice worth having.

Other awards include Dame Grand Cross of the Croatian Grand Order of King Dmitar Zvonimir.