Third Thatcher Government
Margaret Thatcher was Prime Minister of the United Kingdom from 4 May 1979 to 28 November 1990, during which time she led a Conservative Party (UK), Conservative majority government. She was the first woman to hold that office. During her premiership, Thatcher moved to Economic liberalization, liberalise the Economy of the United Kingdom, British economy through deregulation, privatisation, and the promotion of Entrepreneurship, entrepreneurialism. This article details the third Thatcher ministry she led at the invitation of Queen Elizabeth II from 1987 to 1990. Election The Conservatives were elected for a third successive term in June 1987, with a majority of 102 seats. It enabled Margaret Thatcher to become the longest-serving Prime Minister of the 20th century, as Britain's economic recovery continued. Fate Then, on 1 November 1990, came the first of a series of events which would spell the end of Margaret Thatcher's years in power. Geoffrey Howe, Sir Geoffrey Howe, the ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Margaret Thatcher
Margaret Hilda Thatcher, Baroness Thatcher (; 13 October 19258 April 2013) was Prime Minister of the United Kingdom from 1979 to 1990 and Leader of the Conservative Party (UK), Leader of the Conservative Party from 1975 to 1990. She was the first female British prime minister and the longest-serving British prime minister of the 20th century. As prime minister, she implemented economic policies that became known as Thatcherism. A Soviet journalist dubbed her the "Iron Lady", a nickname that became associated with her uncompromising politics and leadership style. Thatcher studied chemistry at Somerville College, Oxford, and worked briefly as a research chemist, before becoming a barrister. She was List of MPs elected in the 1959 United Kingdom general election, elected Member of Parliament for Finchley (UK Parliament constituency), Finchley in 1959 United Kingdom general election, 1959. Edward Heath appointed her Secretary of State for Education and Science in his H ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Deregulation
Deregulation is the process of removing or reducing state regulations, typically in the economic sphere. It is the repeal of governmental regulation of the economy. It became common in advanced industrial economies in the 1970s and 1980s, as a result of new trends in economic thinking about the inefficiencies of government regulation, and the risk that regulatory agencies would be controlled by the regulated industry to its benefit, and thereby hurt consumers and the wider economy. Economic regulations were promoted during the Gilded Age, in which progressive reforms were claimed as necessary to limit externalities like corporate abuse, unsafe child labor, monopolization, pollution, and to mitigate boom and bust cycles. Around the late 1970s, such reforms were deemed burdensome on economic growth and many politicians espousing neoliberalism started promoting deregulation. The stated rationale for deregulation is often that fewer and simpler regulations will lead to raised level ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Deputy Prime Minister
A deputy prime minister or vice prime minister is, in some countries, a government minister who can take the position of acting prime minister when the prime minister is temporarily absent. The position is often likened to that of a vice president, as both positions are "number two" offices, but there are some differences. The states of Australia and provinces of Canada each have the analogous office of deputy premier. In the devolved administrations of the United Kingdom, an analogous position is that of the deputy First Minister, albeit the position in Northern Ireland has equivalent powers to the First Minister differing only in the titles of the offices. In Canada, the position of deputy prime minister should not be confused with the Canadian deputy minister of the prime minister of Canada, a nonpolitical civil servant position. In Austria and Germany, the officeholder is known as vice-chancellor. A deputy prime minister traditionally serves as acting prime minister when the ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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William Whitelaw, 1st Viscount Whitelaw
William Stephen Ian Whitelaw, 1st Viscount Whitelaw, (28 June 1918 – 1 July 1999) was a British Conservative Party politician who served in a wide number of Cabinet positions, most notably as Home Secretary from 1979 to 1983 and as ''de facto'' Deputy Prime Minister of the United Kingdom from 1979 to 1988. He was Deputy Leader of the Conservative Party from 1975 to 1991. After the Conservative Party won an unexpected victory at the 1970 general election, Whitelaw was appointed as Leader of the House of Commons and Lord President of the Council by Prime Minister Edward Heath. After the suspension of the Stormont Parliament resulted in the imposition of direct rule, Whitelaw served as Secretary of State for Northern Ireland from 1972 to 1973. He also served under Heath as Secretary of State for Employment from 1973 to 1974 and as Chairman of the Conservative Party from 1974 to 1975. Whitelaw served Prime Minister Margaret Thatcher throughout her leadership of the Conserv ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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John Major
Sir John Major (born 29 March 1943) is a British former politician who served as Prime Minister of the United Kingdom and Leader of the Conservative Party (UK), Leader of the Conservative Party from 1990 to 1997, and as Member of Parliament (United Kingdom), Member of Parliament (MP) for Huntingdon (UK Parliament constituency), Huntingdon, formerly Huntingdonshire (UK Parliament constituency), Huntingdonshire, from 1979 to 2001. Prior to becoming prime minister, he served as Foreign Secretary and Chancellor of the Exchequer in the third Thatcher government. Having left school a day before turning sixteen, Major was elected to Lambeth London Borough Council in 1968, and a decade later to parliament, where he held several junior government positions, including Parliamentary Private Secretary and Whip (politics), assistant whip. Following Margaret Thatcher's resignation in 1990, Major stood in the 1990 Conservative Party leadership election to replace her and emerged victorious, ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Chancellor Of The Exchequer
The chancellor of the Exchequer, often abbreviated to chancellor, is a senior minister of the Crown within the Government of the United Kingdom, and head of His Majesty's Treasury. As one of the four Great Offices of State, the Chancellor is a high-ranking member of the British Cabinet. Responsible for all economic and financial matters, the role is equivalent to that of a finance minister in other countries. The chancellor is now always Second Lord of the Treasury as one of at least six lords commissioners of the Treasury, responsible for executing the office of the Treasurer of the Exchequer the others are the prime minister and Commons government whips. In the 18th and early 19th centuries, it was common for the prime minister also to serve as Chancellor of the Exchequer if he sat in the Commons; the last Chancellor who was simultaneously prime minister and Chancellor of the Exchequer was Stanley Baldwin in 1923. Formerly, in cases when the chancellorship was vacant, the L ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Leader Of The Conservative Party (UK)
The leader of the Conservative Party (officially the leader of the Conservative and Unionist Party) is the highest position within the United Kingdom's Conservative Party. The current holder of the position is Rishi Sunak, who was elected to the position on 24 October, following his unopposed victory in the party's leadership election. From the party's formation in 1834 until 1922, the leader of the Conservative Party was not a formal position; instead, there was a party leader in each chamber of Parliament, and they were considered equal unless one took precedence over the other, such as when one was serving as prime minister. Following the passage of the Parliament Act of 1911, the reduction of power in the House of Lords suggested that the Conservative leader in the House of Commons would be preeminent, but this fact was not formalised until 1922. Since 1922, a leader of the Conservative Party has been formally elected, even when the party is in opposition. Originally, the ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Michael Heseltine
Michael Ray Dibdin Heseltine, Baron Heseltine, (; born 21 March 1933) is a British politician and businessman. Having begun his career as a property developer, he became one of the founders of the publishing house Haymarket. Heseltine served as a Conservative Member of Parliament from 1966 to 2001, and was a prominent figure in the governments of Margaret Thatcher and John Major, and served as Deputy Prime Minister and First Secretary of State under Major. Heseltine entered the Cabinet in 1979 as Secretary of State for the Environment, where he promoted the "Right to Buy" campaign that allowed two million families to purchase their council houses. He was considered an adept media performer and a charismatic minister, although he was frequently at odds with Thatcher on economic issues. He was one of the most visible "wets", whose "One Nation" views were epitomised by his support for the regeneration of Liverpool in the early 1980s when it was facing economic collapse; this lat ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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European Economic Community
The European Economic Community (EEC) was a regional organization created by the Treaty of Rome of 1957,Today the largely rewritten treaty continues in force as the ''Treaty on the functioning of the European Union'', as renamed by the Lisbon Treaty. aiming to foster economic integration among its member states. It was subsequently renamed the European Community (EC) upon becoming integrated into the first pillar of the newly formed European Union in 1993. In the popular language, however, the singular ''European Community'' was sometimes inaccuratelly used in the wider sense of the plural '' European Communities'', in spite of the latter designation covering all the three constituent entities of the first pillar. In 2009, the EC formally ceased to exist and its institutions were directly absorbed by the EU. This made the Union the formal successor institution of the Community. The Community's initial aim was to bring about economic integration, including a common market an ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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House Of Commons Of The United Kingdom
The House of Commons is the lower house of the Parliament of the United Kingdom. Like the upper house, the House of Lords, it meets in the Palace of Westminster in London, England. The House of Commons is an elected body consisting of 650 members known as members of Parliament (MPs). MPs are elected to represent constituencies by the first-past-the-post system and hold their seats until Parliament is dissolved. The House of Commons of England started to evolve in the 13th and 14th centuries. In 1707 it became the House of Commons of Great Britain after the political union with Scotland, and from 1800 it also became the House of Commons for Ireland after the political union of Great Britain and Ireland. In 1922, the body became the House of Commons of the United Kingdom of Great Britain and Northern Ireland after the independence of the Irish Free State. Under the Parliament Acts 1911 and 1949, the Lords' power to reject legislation was reduced to a delaying power. The g ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Foreign Secretary
The secretary of state for foreign, Commonwealth and development affairs, known as the foreign secretary, is a minister of the Crown of the Government of the United Kingdom and head of the Foreign, Commonwealth and Development Office. Seen as one of the most senior ministers in the government and a Great Office of State, the incumbent is a member of the Cabinet of the United Kingdom. The office holder works alongside the other Foreign Office ministers. The corresponding shadow minister is the Shadow Secretary of State for Foreign, Commonwealth and Development Affairs. The performance of the secretary of state is also scrutinised by the Foreign Affairs Select Committee. The current foreign secretary is James Cleverly MP, appointed in the September 2022 cabinet reshuffle. Responsibilities Corresponding to what is generally known as a foreign minister in many other countries, the foreign secretary's remit includes: * British relations with foreign countries and governments * ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Deputy Prime Minister Of The United Kingdom
The deputy prime minister of the United Kingdom is a minister of the Crown and a member of the British Cabinet. The office is not always in use, and prime ministers may use other offices, such as First Secretary of State, to indicate the seniority. The office is currently held by Dominic Raab who has served since October 2022 under Rishi Sunak, having previously served as deputy under Boris Johnson. Constitutional position The office of deputy prime minister carries no salary and its holder has no right to automatic succession. One classical argument made against appointing a minister to the office is that it might restrict the monarch's royal prerogative to choose a Prime Minister. However, Rodney Brazier has more recently written that there is a strong constitutional case for every Prime Minister to appoint a Deputy Prime Minister, to ensure an effective temporary transfer of power in most circumstances. Similarly, Vernon Bogdanor has said that that argument holds little ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |