Margaret Thatcher
the British unions. However, her programmes, known as "Thatcherism," produced high
unemployment (which nearly tripled in her first two terms), high interest rates and increased class
differentiation, as well as growth of the underclass.
Resignation
Despite winning the general election in 1987, Thatcher resigned in November 1990 because of
increasing opposition concerning her economic policies. She held a parliamentary seat as a
representative of Finchely until 1992, when she did not stand for re-election. In 1992 she entered the
House of Lords and was mad a Baroness Thatcher. Since her resignation, Thatcher has remained
active in the politics of the United Kingdom, as well as the world. Thatcher had already been
honoured by the Queen in 1990, shortly after her resignation as Prime Minister with the Order of
Merit, one of the UK's highest distinctions.
Interesting facts
Margaret Thatcher has got a number of honours:
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