[[quoteright:300:https://static.tvtropes.org/pmwiki/pub/images/maggie.jpg]]
[[caption-width-right:300:''"Being in power is like being a lady: If you have to tell people you are, you aren't."'']]

->''"The mouth of Creator/MarilynMonroe and the eyes of [[UsefulNotes/JosefStalin Stalin]]."''[[note]]The columnist John O'Sullivan quoted Mitterrand as using UsefulNotes/{{Caligula}} instead of Stalin.[[/note]]
-->-- '''François Mitterrand''', President of France (1981-1995)

Margaret Hilda Thatcher (née Roberts), Baroness Thatcher, [[UsefulNotes/KnightFever LG OM PC]] FRS (13 October 1925 – 8 April 2013) served as [[UsefulNotes/TheMenOfDowningStreet Prime Minister]] of [[UsefulNotes/{{Britain}} the United Kingdom]] from 1979 to 1990. She is widely considered the most divisive figure in British political history since at least 1950. To adherents of [[UsefulNotes/EconomicTheories Neoclassical and Neoliberal economics]], she rescued the nation from the economic doldrums it was mired in since before World War II and pulled the trigger on what would become 25 years of a global shift to the right; to adherents of Keynesian economics, her tenure was among the most damaging to the British economy and society in a century (up there with TheGreatDepression and The Blitz); to The North and Wales, she is the Devil incarnate, to England south of London (except perhaps the Green Party enclave that is Brighton and Hove) she might as well be Saint Maggie. The only things everyone can agree on are that she was an ideologue who truly believed that she was doing what was best for the country, and that she had the most impact on Britain of any PM since UsefulNotes/ClementAttlee.

She is often [[http://i.imgur.com/ECEZxix.jpg compared]] with UsefulNotes/RonaldReagan, but despite their similar ideals they had very different policies: Reagan was freer to make his dream society a reality. Both crushed unions, deregulated finance, cut taxes for corporations and the rich, increased spending (by borrowing, increasing the national debt), profited from selling to both sides in the UsefulNotes/IranIraqWar, reduced government 'handouts' to benefit claimants (and did a lot to demonise them as "scrounging parasites", thus legitimising further attacks by subsequent governments), and let the AIDS epidemic continue until attrition and spread meant that it primarily affected straight people. But only Reagan could end the USA's ''de facto'' universal healthcare (negotiated with employers through unions, so ending those killed two birds with one stone) and increase corporate welfare. Instead, Thatcher was forced to continue accepting the existence of the NHS. This made Thatcher a 'Third Way' neoliberal like Blair (and his greatest political inspiration), forced at least temporarily to accept the existence of some programs that her beliefs told her should end.

Likewise, personally, they presented themselves very differently. Reagan's greatest weapon was the front of affability that his acting career had gifted him: the traits people often associated with him were "sunny optimism", sense of humour, charisma, etc. Political and even geopolitical enemies (like Soviet premier UsefulNotes/MikhailGorbachev) were often charmed by Reagan in official negotiations and especially [[GoKartingWithBowser when "off the clock"]]. Margaret Thatcher, by contrast, thrived on confrontation and was always up for a fight, believing that a hard line was needed to avoid being seen as weak: "You know, if you just set out to be liked, you would be prepared to compromise on anything, wouldn't you, at any time? And you would achieve nothing!"

This attitude likely stemmed from her first government role, as the education secretary in UsefulNotes/EdwardHeath's government. Not long into the role, she was vilified in the press and working class for putting an end to free milk in schools, earning herself the nickname "Milk Snatcher". In fact, Heath's Chancellor of the Exchequer, Iain Macleod, had the idea, and while Thatcher agreed with it from an ideological standpoint, she could tell that it would go over like a lead balloon with most people. The fact that she ended up getting so much hatred over a policy that wasn't even originally her idea quickly persuaded her that being liked should be secondary to actually getting things done.

The Iron Lady's premiership is notable for the radical economic changes her government enacted. Since the end of the Second World War, both Labour and Conservative governments had followed the “consensus politics” of Keynesian evidence-based economics. This era was known for price controls and protectionism, with a lot of effort being put into reconstruction and market planning. The emphasis of most governments was on security rather than growth, and unemployment was negligible throughout most of the fifties and sixties. The downside of this was common across the NATO countries and Warsaw Pact, namely high inflation consistently over 5% year-on-year. This was caused by the ability of the working class to buy goods and services, since they were all employed and had good incomes due to union power and government policy. This inflation eroded business profits and therefore the incomes of landowners, landlords, major shareholders, and so on. The Oil Crises of 1973 and 1976 (Iran-Iraq etc. reduced oil production to punish NATO for supporting Israel's Yom Kippur War) meant that too much demand was chasing too little supply, and the correct Keynesian solution of artificially inducing a recession (reducing wages, forcing people to save, or both to reduce demand to a level which matched supply) was not applied. This created above-8% annual inflation, which reduced the upper class' incomes from economic rent (e.g. literal rental property rent and bank loans with interest rates below 8%) to little or nothing. This induced them to increase their investments in influencing politics, to protect and advance their interests before it was too late.

Worse, the country's historically confrontational capital-labour relations had led to underinvestment in the future of mining and other industries, which had not adopted the new tools or methods or skills used by international competitors and thereby become inefficient. Before UsefulNotes/WorldWarII, these had been run for the maximum possible short-term return to capital (profit of the owners). During and afterward, these were run for the maximum possible short-term returns to labour (income of the workers). Unlike in UsefulNotes/SouthKorea or UsefulNotes/{{Germany}}, capital-labour relations had historically been -- and continued to be -- too acrimonious for them to cooperate and and negotiate about ensuring the future of the industry by mechanising the mining and production processes and up-skilling workers while gradually reducing the intake of new workers and retiring old ones to ensure that the reduced employee numbers would cause the least possible lifestyle disruption. The result was disastrous as it allowed entire sectors of the economy to slip into obsolescence as other countries' surged ahead. In 1940 90% of the nation's 2 million coal miners had toiled using hand tools in pits worked by fewer than 100 miners, to produce less than 10% of the total coal output (much of this in the semi-rural north, e.g. Lancashire). Even then, the other 90% of output had been produced by less than 10% of the workforce. Three decades later, in 1970 this had barely changed despite the mechanisation of pits in the Ruhr and elsewhere.

The high inflation, stagnant GDP, general sense of inefficiency (as seen in things like ''Series/YesMinister''[='=]s empty hospital), final collapse of UsefulNotes/TheBritishEmpire and sinking of the UK's position internationally created an impression that politics was all about “managing decline”.

After this all culminated in the 1978–79 “Winter of Discontent” which brought down UsefulNotes/JamesCallaghan's government, Thatcher came to power promising to turn things around. The Callaghan government had already been influenced by supply-side Monetarist assumptions, but Thatcher fully embraced the movement and ended Britain's Keynesian era. This ended the emphasis on minimising wasteful economic rent-seeking activity, chiefly through selling natural monopolies (sectors which are traditionally considered to function most cheaply, safely, and effectively for the consumer as monopolies under effective government supervision or control) such as British Telecommunications and other state-owned enterprises to private companies at low prices. The “family silver” was sold off by the truckload. The trade unions, which had dominated British politics in the sixties and seventies (often appearing to be more powerful than the governments themselves) were crushed in actions such as the 1984 Battle of Orgreave (an unprovoked cavalry charge on miners ordered by Lancashire police commanders also responsible for causing and covering up the 1989 Hillsborough Disaster). She also ended the practice of the government keeping afloat 'unprofitable' state-owned enterprises (such as the coal mines and British Leyland), many of which were sold to foreign companies or even closed altogether. She also deregulated Creator/{{ITV}} after the "Death on the Rock" scandal[[note]]short version: A Creator/ThamesTelevision documentary about members of the IRA getting shot by British Army troopers at the Rock of Gibraltar, which blew up into a major scandal[[/note]] pissed her off (the power of the unions at ITV didn't help; they had taken down the entire network twice, once in 1968 and again in 1979), leading to Thames being kicked out of ITV and [[SketchySuccessor being replaced by the much-inferior Carlton]]; not only that, it ended up being the key for almost all the ITV companies to subsume each other and become one barely-regional, monolithic entity, and for many, ITV falling deep into NetworkDecay.

How this era is remembered varies considerably by where you live: In the south of England, she is fondly remembered as the hero who saved the country from "socialist deterioration". In the north, and especially Scotland, she ranks somewhere between Hitler and the Antichrist. There is also an occupational divide: private-sector professionals applaud her promotion of 'efficiency', while those from the public sector (and formerly state-owned industries) loathe and blame her for the destruction of professions and communities that they had taken pride in [[note]]For example, Germany still has a coal-mining sector, for instance, but Britain does not despite the two having similarly rich coking coal deposits, it was the staggering inefficiency of British mining that made it at least on paper easier to get rid of than to rescue and update it[[/note]]. The coal miners hate her ''especially'' intensely in no small part because the 1984–85 strike, which they organized to help keep their jobs, backfired against them. This was only partially due to a more effective system of rapidly transporting police reserves to achieve numerical superiority over the strikers and crush them, but also because the government had created large and decentralised coal stockpiles across the country. This in turn was made easier by the fact that it had become cheaper to import it from countries with cheaper workforces such as UsefulNotes/SouthAfrica (the [[UsefulNotes/TheApartheidEra apartheid regime]] didn't deter British businessmen at all, including Maggie's husband Denis, although to be completely fair to Thatcher, none of her predecessors did any serious efforts on the matter either).[[note]]This may be confusing to Americans, where the coal mining industry is considered the life and blood of the UsefulNotes/{{Appalachia}} region.[[/note]] An important part of Thatcherism was the belief that new industries and jobs would replace old ones, but for many people, especially in North England and South Wales, this never happened.

Many today look back at the Thatcher era as the root of the current disunity between Britain's constituent nations: To this day many Scottish people won't contemplate supporting the Conservative Party [[note]]which between 1997 and 2017 never had more than one MP in Scotland[[/note]] because they still have not forgiven it for Thatcherism; Welsh voters feel a similar sentiment where there are few Tory [=MPs=]. UsefulNotes/TonyBlair's move towards devolution in 1998 was welcomed because it would prevent any future Tory government from having direct control over Scotland. In fact, the modern Scottish Independence movement is driven largely by a desire not to be part of a country where Thatcher's party might be in power. In the wake of the 2014 independence referendum, the Conservative Party has seen something of a resurgence and has begun to promote itself as the natural party of Scotland's Unionist community. In the 2016 election it achieved 22% of the vote and formed the official opposition in the Scottish Parliament with 31 seats to the Scottish National Party's 63.

Of course, New Labour under Tony Blair upheld the ideological adherence to the Neoliberal-Neoclassical socioeconomic consensus Thatcher established. In 1997 Blair was keen to criticise her successor, UsefulNotes/JohnMajor, but not Thatcher herself — with the result that Thatcher actually said "the country is safe in his hands,"[[labelnote:Fun fact]]"Tony Blair PM" is an anagram of "I'm Tory plan B".[[/labelnote]] and the politics of Britain in the twenty-first century are sometimes described as the “Thatcherite Consensus” in that most people accept it as natural that the economy rent-seeking activity on the logic that the profits reaped from the masses shall trickle back down to them in the form of jobs created to maximise profits further somehow (perhaps not counting the time between Jeremy Corbyn hitting the national stage big-time and then crashing down in craptacular fashion).

Paradoxically, Thatcher had the lowest average approval rating of any Prime Minister and yet still managed to win two landslide election victories in 1983 and 1987. This was helped by the disarray, entryism, and militancy that crippled the already abysmally incompetent 1980s version of the Labour Party. Under Michael Foot things got so bad that the “Gang of Four” moderate members split off to form the Social Democratic Party, which formed an alliance with the Liberals (the remains of UsefulNotes/HerbertHenryAsquith and UsefulNotes/DavidLloydGeorge's party, reduced since UsefulNotes/WorldWarII to a dozen seats or so), and for a while it looked as if the Alliance would replace Labour as the main opposition. They eventually fell away and morphed into the modern day Liberal Democrats, but it highlighted an interesting quirk of the British political system: the more split the left vote, the more favourable the proportion of Conservative votes that translate into Tory [=MPs=] become. This allowed the Conservatives, on a reduced voting outcome, to keep grabbing dozens of formerly safe Labour constituencies, and actually increase the number of [=MPs=] they had.

Finally in 1990, after more than eleven years in power, Margaret Thatcher was brought down by a coup from within the Conservative Party. There were two main triggers of her downfall:

# Her government introduced the Community Charge, which was almost universally derided as a “Poll Tax”.[[note]]Previously, local government had been funded by the “ratings” system, whereby homeowners were taxed based on an estimate of how much their houses were worth. As far back as 1974, Margaret Thatcher (as Shadow Secretary of State for the Environment) had proposed abolishing this system. During the eighties, issues with revaluations and growing regional discrepancies led to increased demands for reforms. In 1988, the government brought in a new system, whereby a more-or-less fixed rate was levied on each adult occupant.[[/note]] The implementation (in 1989 for Scotland, and 1990 for England and Wales) was disastrous. Landlords and local councils could not keep track of who was living where at what time, let alone which rate each was supposed to pay (there were different rates for those in employment and those out). Putting together a reliable register of occupants was impossible, and so the Charge could never be properly enforced, with large scale evasion, organised resistance to the policy and even riots in March 1990 quickly proving an insurmountable barrier.
# Thatcher's relations with the European Economic Community (which was on the brink of becoming UsefulNotes/TheEuropeanUnion) were turning sour. Having campaigned in the 1975 referendum to keep Britain in the common market, during her later premiership she became increasingly Euroskeptic as she could foresee that the EEC's logical conclusion would eventually be a French-inspired supra-national government that would creep upon the national sovereignty of its member states, thus inhibiting Thatcherism and frustrating her attempts to take the economy the way she wanted it. She developed a habit of publicly badmouthing other European leaders and announcing things that went against what her foreign office had agreed in negotiations without consulting anyone else in the government. This eventually culminated in Sir Geoffrey Howe, her Deputy Prime Minister, resigning in a Commons speech that devastated his former boss and resulted in her facing the second leadership challenge in just over a year.[[note]]The first had been by little-known backbencher Sir Anthony Meyer, who many suspected had been duped by Thatcher supporters into running so she could easily crush him and assert her authority over the party -- she did win the challenge without major difficulty, but with a significant number of [=MPs=] abstaining or spoiling their votes.[[/note]] Thatcher though would ultimately have the last laugh on this front: her public Euroscepticism and especially her [[https://en.wikipedia.org/wiki/Bruges_speech Bruges speech]] in 1988 are, in hindsight, credited with sowing the ideological seeds that would lead to the Brexit vote in 2016 and its execution four years later.

A combination of members losing confidence in their leader and complacency among the staff running campaign meant that although she did beat Michael Heseltine[[note]]A former Cabinet Minister who resigned from the Cabinet over the Westland Affair: the future of a British helicopter company. Heseltine wanted the company to stay in European hands, while Thatcher favored selling it to Americans.[[/note]] in the first ballot, it was not by the 15% margin necessary to prevent another round of voting (she was four votes short). Initially she announced her intention to stand for another ballot, but after consulting her cabinet ministers (who were getting tired of her autocratic leadership style) one by one, it became clear that she could not win.[[note]]While lining up in the corridor beside her office, they schemed together and most agreed to the line of "I of course will support you, but I don't think you can win."[[/note]] She therefore withdrew her candidacy (effectively conceding defeat) and put her support behind her Chancellor, UsefulNotes/JohnMajor, to succeed her. He won, and on 28 November 1990 Thatcher tearfully left Downing Street as the Queen appointed Major to be the new Prime Minster.

After seventeen months as a backbench MP, Thatcher stood down from the Commons in the 1992 General Election, and entered the House of Lords after being listed in the Dissolution Honours. In her maiden speech from the red benches, she savaged Major's government over the Maastricht Treaty. In the new millennium, she largely retired from public life and increasingly suffered mental health problems after the death of her husband, Sir Denis (this is the subject of the 2011 film, ''Film/TheIronLady''). Sir Denis, 1st Baronet, was the last person outside of the Royal Family to receive any kind of hereditary title; his son is now the 2nd Baronet.

When she finally died in April 2013, there was a simultaneous outpouring of tearful grief and ecstatic celebration (including literal street parties), with the song "Ding Dong, the Witch Is Dead!" from ''Film/TheWizardOfOz'' having a sudden, controversial surge in popularity, reaching the top of charts in Scotland, and number 2 in England. Typically of Thatcher's legacy, it divided the country almost perfectly down the middle. The Baroness' body was given a ceremonial funeral in St. Paul's cathedral, attended by the Royal Family, several generations of British politicians and some visiting foreign statesmen. There were rumours about protesters disrupting the proceedings (angry at the £10m cost and the fact she was being given a ceremonial funeral at all), but they came to nothing and her coffin was pulled through the streets in near-total silence. Even Big Ben's chimes were suspended for the duration. Her remains were cremated and she was interred alongside her husband at the Royal Hospital Chelsea i.e. the home of the Chelsea Pensioners, where the de facto care home section is named after her.

Over in UsefulNotes/LosAngeles, the singer Music/{{Cher}} was surprised to be asked how she felt about being dead. This was due to a confusion on Website/{{Twitter}}; the hashtag "[[TheProblemWithPenIsland #nowthatcherisdead]]" was misinterpreted as "now that Cher is dead". Music/OneDirection member Music/HarryStyles also infamously tweeted “RIP Baroness Thatcher” to a fanbase who responded with blank stares.

One would be remiss to leave out Thatcher's foreign policies, which (if even more than her domestic policies) have been controversial since her heyday. A staunch anti-communist, Thatcher was a dear friend of former Chilean dictator UsefulNotes/AugustoPinochet, criticized the ANC (the anti-apartheid party of which UsefulNotes/NelsonMandela was a member), opposed sanctions on South Africa even when every other Commonwealth country supported them, and sent SAS commandos to train the Khmer Rouge in Cambodia. Of historic interest, [[https://www.youtube.com/watch?v=_G4dHRN2Dug here's]] a video of Thatcher explaining to school children who watch the UK program ''Series/BluePeter'' how Pol Pot is "bad" Khmer Rouge and how there exists "good" Khmer Rouge. She also receives criticism for Section 28 of the Local Government Act 1988, which banned state schools from promoting homosexual relationships (although this proved largely symbolic, as no actual offence was created or penalty specified, the legislation scared many LGBT student support groups into closing themselves) or of publishing materials with that intention. On the other hand, she was an early herald of the dangers of climate change and environmental pollution (though many in her party today like to ignore this part of her legacy).

Ironically, Thatcher's nickname of "the Iron Lady" originated from the Soviet military newspaper ''Red Star'', which it bestowed on her for an anti-communist speech in 1976, not intended as a compliment. Never one to let a newspaper get one over on her, Thatcher simply embraced the 'insult', embodied it, and eventually had a movie (''The Iron Lady'') named after it while everybody knew exactly who it was. Whatever people think of her, no one denies that she was a strong leader, able to steer a cabinet of men for 11 years. She was not only the first female Prime Minister, but the first female leader of the Conservative Party, a body not particularly noted as a bastion of female empowerment. Thus, she is always the cited comparison for any other female leader in any other country, however tenuous the comparison. On the other hand, she deserves her share of credit for founding the model of "presidential" leadership followed by Tony Blair and for practically inventing the entire economic environment of modern Britain. Few today could imagine returning to the politics and economics of the seventies. As with most things about Thatcher, whether this is good or bad remains a topic of heated debate. Her legacy also cast a long shadow on the Conservative Party; without her they would not win a solid majority again until 2019, nearly three ''decades'' after she left office.[[note]]The Conservatives did not win more than 336 seats in any election between 1992 and 2017.[[/note]]

She was also trained as a research chemist, although the oft-touted belief that she was part of the team that invented emulsifiers for soft-serve ice-cream lacks credible evidence, as noted by both [[http://www.theguardian.com/politics/reality-check/2013/apr/17/margaret-thatcher-team-mr-whippy the media]] and [[http://rsnr.royalsocietypublishing.org/content/65/3/215.full the Royal Society]].

The subject of MediaNotes/MargaretThatcherInFiction is large enough to get a page to itself!

Mrs. Thatcher was a huge fan of ''Series/YesMinister'', and wrote a piece of ''Yes, Minister'' fan fiction. As it ended up being performed on TV by the series' cast, this also made her a {{Promoted Fan|boy}}girl.

Since UsefulNotes/TheresaMay assumed the office in 2016, Thatcher is no longer the only Woman of Downing Street. However, she remains the only Prime Minister who was near [[UsefulNotes/ElizabethII Queen Elizabeth II]]'s age at the time of her tenure. [[note]]Their birthdays were about six months apart. John Major is about 5 years older than the Queen's ''son'' UsefulNotes/CharlesIII, and the rest were even younger (indeed, Blair, Cameron, May, Johnson, and Truss were all born ''during'' Elizabeth's reign, and Brown was an infant when Elizabeth took the throne). Meanwhile, Thatcher's predecessors were either born in the [[UsefulNotes/WinstonChurchill 1870s]], [[UsefulNotes/AnthonyEden 18]][[UsefulNotes/HaroldMacmillan 90s]], [[UsefulNotes/AlecDouglasHome 1900s]] or [[UsefulNotes/HaroldWilson 19]][[UsefulNotes/EdwardHeath 10]][[UsefulNotes/JamesCallaghan s]].[[/note]] The relationship between these two ladies was often held to be strained at best, catty and adversarial at worst; however Thatcher herself denied any rumours of discord, chalking it up to the media being unable to resist the notion of two women in their position developing a rivalry. The Queen, being the Queen, neither confirmed nor denied any rumours. It has been revealed that after Thatcher made the faux pas of using the royal "We" in public, she was never again allowed a seat at her weekly audience with the monarch, having to brief the queen while remaining standing. This was Her Majesty's way of explaining the royal prerogative applied only to one woman in Britain -- and that one woman was not Margaret Thatcher. (It ''is'' worth noting that the Queen appointed Thatcher to both the Order of Merit -- an incredibly prestigious honour[[note]]The OM is, basically, the Commonwealth monarch's recognition that you, a Commonwealth citizen, are a once-in-a-generation individual in your field worldwide whose achievements have world-historical implications. Among politicians of Thatcher's era, the only other recipients are Betty Boothroyd, the first female Speaker of the House of Commons, and two Commonwealth Prime Ministers who literally preserved the territorial integrity of Her Majesty's realms (being [[UsefulNotes/CanadianPrimeMinisters Jean Chrétien]] of Canada, who worked hard on the "no" side of the 1995 Quebec secession referendum, and [[UsefulNotes/PrimeMinistersOfAustralia John Howard]] of Australia, who helped the monarchist side win in the 1999 republic referendum).[[/note]] completely within the monarch's discretion--almost immediately upon her departure (as in literally two weeks after Major had kissed hands) and also granted her the Order of the Garter (which is technically also discretionary with the monarch, though unlike the OM the monarch usually consults with the government about it) in 1995. Another PM she was known to personally dislike, UsefulNotes/TonyBlair, had to wait fourteen years for that honour.)
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