What Thatcher Did



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Maggie Thatcher

Thirty years after she became Britain’s first female prime minister, Margaret Thatcher remains a political figure of almost mythical proportions. But what of her legacy?

This is what David Cameron had to say in a letter to Britain’s 49th prime minister.

It is now 30 years since the great day when you first walked into Downing Street. And as I in turn try to get rid of an exhausted Labour government, I find it awe-inspiring to think of how you gave the British people back their pride and self-belief.

Let’s look at Thatchers gifts to the British people more closely:

  • Thatcher’s economic model saved us? She and her apostles built the shadow banking system, free of government control, that has busted the economy.
  • Thatcher allowed ordinary people to get ahead? Social mobility, as a huge study by the LSE has shown, collapsed in the 1980s and 90s.
  • Thatcher expanded freedom? It was she who called Nelson Mandela a terrorist and criminalised homosexuality in schools.

Are these achievements to be proud of?

I hope not.

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