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Margaret Thatcher: Prime Minister
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Margaret Thatcher (aka The Iron Lady) is the second greatest Prime Minister of Great Britain and Ireland after Winston Churchill. Although Tony Blair frequently dons makeup and a dress and tries to imitate her, he usually fails miserably (except in the ugliness department). In both currency and ball exchange rates, one Thatcher is equal to 20 Blairs or 53,237 Chamberlains.
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Well, Margaret Thatcher has now been Prime Minister of the United Kingdom for ten years. She is respected by all the Heads of State and Government who have had any contact with her. She has brought great improvement in England's economy and returned to private ownership businesses and industries that had been taken over by government. It is a remarkable achievement.
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Former British prime minister Margaret Thatcher arrives at the Guildhall Art Gallery in London for a reception to mark the publication of the book 'Margaret Thatcher, A Tribute in Words and Pictures' by Iain Dale, Thursday, Nov. 24, 2005. [AP]
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Perceptions of Margaret Thatcher are mixed in the view of the British public. A clear illustration of the divisions of opinion over Thatcher's leadership can be found in recent television polls: Thatcher appears at Number 16 in the 2002 List of "100 Greatest Britons" (of all those who ever lived, though she was the highest placed living person, sponsored by the BBC and voted for by the public), she ... appears at Number 3 in the 2003 List of "100 Worst Britons" (confined to only those living, sponsored by Channel Four and also voted for by the public), narrowly missing out on the top spot, which went to Tony Blair. In the end, however, few could argue that there was a woman who played a more important role on the world stage in the Twentieth Century, and even the Labour Prime Minister Tony Blair has implicitly and explicitly acknowledged her importance by continuing many of her economic policies.
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Thatcher's political and economic philosophy emphasised reduced state intervention, free markets, and entrepreneurialism. After the 1983 election, the Government sold off most of the large utilities, starting with British Telecom, which had been in public ownership since the late 1940s. Many people took advantage of share offers, although many sold their shares immediately for a quick profit and therefore the proportion of shares held by individuals rather than institutions did not increase. The policy of privatisation, while anathema to many on the Left, has become synonymous with Thatcherism. Wider share-ownership and council house sales became known as "popular capitalism" to its supporters (a term coined by John Redwood). In 1985, as a deliberate snub, the University of Oxford voted to refuse her an honorary degree in protest against her cuts in funding for higher education.[33] This award had always previously been given to all Prime Ministers who had been educated at Oxford.
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Margaret Thatcher was Britain's first female prime minister and served three consecutive terms in office. She is one of the dominant political figures of 20th century Britain, and Thatcherism continues to have a huge influence.
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