Editing Margaret Thatcher (section)

===Domestic affairs===
====Minorities====
Thatcher was the Opposition leader and prime minister at a time of increased racial tension in Britain. During the [[1977 United Kingdom local elections|1977 local elections]], ''[[The Economist]]'' commented: "The Tory tide swamped the smaller parties{{snd}}specifically the [[National Front (UK)|National Front {{interp|NF}}]], which suffered a clear decline from last year."<ref>{{Cite news |date=14 May 1977 |title=Votes go to Tories, and nobody else |newspaper=The Economist |pages=24–28 |volume=263 |issue=6976}}</ref><ref>{{Cite web |date=1 March 1978 |title=Conservative Campaign Guide Supplement 1978 |url=https://www.margaretthatcher.org/document/110797 |url-status=live |archive-url=https://web.archive.org/web/20201019154057/https://www.margaretthatcher.org/document/110797 |archive-date=19 October 2020 |access-date=22 October 2020 |publisher=Margaret Thatcher Foundation |page=[https://c59574e9047e61130f13-3f71d0fe2b653c4f00f32175760e96e7.ssl.cf1.rackcdn.com/93030FB632E147999D4BEB655587A134.pdf#page270 270]}}</ref> Her standing in the polls had risen by 11% after a 1978 interview for ''[[World in Action]]'' in which she said "the British character has done so much for democracy, for law and done so much throughout the world that if there is any fear that it might be swamped people are going to react and be rather hostile to those coming in", as well as "in many ways {{interp|minorities}} add to the richness and variety of this country. The moment the minority threatens to become a big one, people get frightened".<ref>{{Cite web |date=27 January 1978 |title=TV Interview for Granada World in Action ('rather swamped') |url=http://www.margaretthatcher.org/document/103485 |url-status=live |archive-url=https://web.archive.org/web/20170717144335/http://www.margaretthatcher.org/document/103485 |archive-date=17 July 2017 |access-date=23 July 2017 |publisher=Margaret Thatcher Foundation}}</ref><ref>{{Cite newspaper The Times |title=Mrs Thatcher fears people might become hostile if immigrant flow is not cut |date=31 January 1978 |page=2 |issue=60224 |department=News}}</ref> In the 1979 general election, the Conservatives had attracted votes from the NF, whose support almost collapsed.{{sfnmp|1a1=Reitan|1y=2003|1p=26|2a1=Ward|2y=2004|2p=128}} In a July 1979 meeting with Foreign Secretary [[Lord Carrington]] and Home Secretary William Whitelaw, Thatcher objected to the number of Asian immigrants, in the context of limiting the total of [[Vietnamese boat people]] allowed to settle in the UK to fewer than 10,000 over two years.<ref>{{Cite news |last=Swaine |first=Jon |date=30 December 2009 |title=Margaret Thatcher complained about Asian immigration to Britain |url=https://www.telegraph.co.uk/news/newstopics/politics/margaret-thatcher/6906503/Margaret-Thatcher-complained-about-Asian-immigration-to-Britain.html |url-status=dead |archive-url=https://web.archive.org/web/20100525084645/http://www.telegraph.co.uk/news/newstopics/politics/margaret-thatcher/6906503/Margaret-Thatcher-complained-about-Asian-immigration-to-Britain.html |archive-date=25 May 2010 |access-date=20 January 2011 |work=The Telegraph}}</ref>

====The Queen====

As prime minister, Thatcher met weekly with [[Queen Elizabeth&nbsp;II]] to discuss government business, and their relationship came under scrutiny.{{sfnmp|1a1=Reitan|1y=2003|1p=28|2a1=Seward|2y=2001|2p=154}} {{harvtxt|Campbell|2011a|page=464}} states:

{{blockquote|One question that continued to fascinate the public about the phenomenon of a woman Prime Minister was how she got on with the Queen. The answer is that their relations were punctiliously correct, but there was little love lost on either side. As two women of very similar age – Mrs Thatcher was six months older – occupying parallel positions at the top of the social pyramid, one the head of government, the other head of state, they were bound to be in some sense rivals. Mrs Thatcher's attitude to the Queen was ambivalent. On the one hand she had an almost mystical reverence for the institution of the monarchy [...] Yet at the same time she was trying to modernise the country and sweep away many of the values and practices which the monarchy perpetuated.}}

[[Michael Shea (diplomat)|Michael Shea]], the Queen's press secretary, in 1986 leaked stories of a deep rift to ''The Sunday Times''. He said that she felt Thatcher's policies were "uncaring, confrontational and socially divisive".{{sfnp|Pimlott|1996|pp=460–463, 484, 509–514}} Thatcher later wrote: "I always found the Queen's attitude towards the work of the Government absolutely correct [...] stories of clashes between 'two powerful women' were just too good not to make up."{{sfnp|Thatcher|1993|p=18}}

====Economy and taxation====
{{See also|June 1979 United Kingdom budget|l1=1979 budget}}
{{Margaret Thatcher/datatable}}
Thatcher's economic policy was influenced by [[monetarist]] thinking and economists such as [[Milton Friedman]] and [[Alan Walters]].{{sfnp|Childs|2006|p=185}} Together with her first [[Chancellor of the Exchequer|chancellor]], [[Geoffrey Howe]], she lowered direct taxes on income and increased indirect taxes.{{sfnp|Reitan|2003|p=30}} She increased interest rates to slow the growth of the money supply, and thereby lower inflation;{{sfnp|Childs|2006|p=185}} introduced cash limits on public spending and reduced expenditure on social services such as education and housing.{{sfnp|Reitan|2003|p=30}} Cuts to higher education led to Thatcher being the first [[Oxonian]] post-war prime minister without an honorary doctorate from Oxford University after a 738–319 vote of the governing assembly and a student petition.<ref>{{Cite news |title=29 January 1985: Thatcher snubbed by Oxford dons |url=http://news.bbc.co.uk/onthisday/hi/dates/stories/january/29/newsid_2506000/2506019.stm |url-status=live |archive-url=https://web.archive.org/web/20130724131128/http://news.bbc.co.uk/onthisday/hi/dates/stories/january/29/newsid_2506000/2506019.stm |archive-date=24 July 2013 |access-date=9 April 2007 |work=On This Day 1950–2005 |via=BBC News Online}}</ref>

Some Heathite Conservatives in the Cabinet, the so-called "[[wets]]", expressed doubt over Thatcher's policies.<ref>{{Cite news |title=10 October 1980: Thatcher 'not for turning' |url=http://news.bbc.co.uk/onthisday/hi/dates/stories/october/10/newsid_2541000/2541071.stm |url-status=live |archive-url=https://web.archive.org/web/20130724131113/http://news.bbc.co.uk/onthisday/hi/dates/stories/october/10/newsid_2541000/2541071.stm |archive-date=24 July 2013 |access-date=21 December 2008 |work=On This Day 1950–2005 |via=BBC News Online}}</ref> The [[1981 England riots]] resulted in the British media discussing the need for a [[Flip-flop (politics)|policy U-turn]]. At the 1980 Conservative Party conference, Thatcher addressed the issue directly with a speech written by the playwright [[Ronald Millar]],{{sfnp|Jones|2007|p=224}} that notably included the following lines:{{blockquote|To those waiting with bated breath for that favourite media catchphrase, the "U" turn, I have only one thing to say. "You turn if you want to. [[The lady's not for turning]]."<ref>{{Cite web |date=10 October 1980 |title=Speech to Conservative Party Conference ('the lady's not for turning') |url=https://www.margaretthatcher.org/document/104431 |url-status=live |archive-url=https://web.archive.org/web/20180105144306/https://www.margaretthatcher.org/document/104431 |archive-date=5 January 2018 |access-date=31 March 2018 |publisher=Margaret Thatcher Foundation}}</ref>}}

{{See also|1981 United Kingdom budget|l1=1981 budget}}
Thatcher's job approval rating fell to 23% by December 1980, lower than recorded for any previous prime minister.{{sfnp|Thornton|2004|p=18}} As the [[Early 1980s recession|recession of the early 1980s]] deepened, she increased taxes,{{sfnp|Reitan|2003|p=31}} despite concerns expressed in a March 1981 statement signed by 364&nbsp;leading economists,<ref>{{Cite news |date=31 March 1981 |title=An avalanche of economists |url=http://infotrac.galegroup.com/itw/infomark/263/101/138526786w16/purl=rc1_TTDA_0_CS285575295&dyn=75!xrn_1_0_CS285575295&hst_1?sw_aep=mclib |url-access=limited |url-status=dead |archive-url=https://archive.today/20120714012618/http://infotrac.galegroup.com/itweb/mclib?http_rc=400&class=session&sev=temp&type=session&cause=http://infotrac.galegroup.com/itw/infomark/263/101/138526786w16/purl%3Drc1_TTDA_0_CS285575295%26dyn%3D75!xrn_1_0_CS285575295%26hst_1%3Fsw_aep%3Dmclib&cont=&msg=No+Session+cookies&sserv=no |archive-date=14 July 2012 |access-date=12 January 2011 |work=[[The Times]] |page=17}}</ref> which argued there was "no basis in economic theory [...] for the Government's belief that by deflating demand they will bring inflation permanently under control", adding that "present policies will deepen the depression, erode the industrial base of our economy and threaten its social and political stability".<ref>{{Cite web |date=13 March 1981 |title=Economy: Letter of the 364 economists critical of monetarism (letter sent to academics and list of signatories) |url=https://www.margaretthatcher.org/document/121217 |url-status=live |archive-url=https://web.archive.org/web/20180401144432/https://www.margaretthatcher.org/document/121217 |archive-date=1 April 2018 |access-date=31 March 2018 |publisher=Margaret Thatcher Foundation}}</ref>

[[File:Margaret Thatcher visiting Salford.jpg|thumb|alt=photograph|Visiting [[Salford University]] in 1982]]
By 1982, the UK began to experience signs of economic recovery;{{sfnp|Floud|Johnson|2004|p=392}} inflation was down to 8.6% from a high of 18%, but unemployment was over 3&nbsp;million for the first time since the 1930s.<ref>{{Cite news |title=26 January 1982: UK unemployment tops three million |url=http://news.bbc.co.uk/onthisday/hi/dates/stories/january/26/newsid_2506000/2506335.stm |url-status=live |archive-url=https://web.archive.org/web/20180221074348/http://news.bbc.co.uk/onthisday/hi/dates/stories/january/26/newsid_2506000/2506335.stm |archive-date=21 February 2018 |access-date=16 April 2010 |work=On This Day 1950–2005 |via=BBC News Online}}</ref> By 1983, overall economic growth was stronger, and inflation and mortgage rates had fallen to their lowest levels in 13 years, although manufacturing employment as a share of total employment fell to just over 30%,{{sfnp|Rowthorn|Wells|1987|page=234}} with total unemployment remaining high, peaking at 3.3&nbsp;million in 1984.<ref>{{Cite news |last=O'Grady |first=Sean |date=16 March 2009 |title=Unemployment among young workers hits 15 per cent |url=https://www.independent.co.uk/news/uk/home-news/unemployment-among-young-workers-hits-15-per-cent-1645728.html |url-status=live |archive-url=https://web.archive.org/web/20130724123849/http://www.independent.co.uk/news/uk/home-news/unemployment-among-young-workers-hits-15-per-cent-1645728.html |archive-date=24 July 2013 |access-date=21 November 2010 |work=The Independent}}</ref>

During the 1982 Conservative Party Conference, Thatcher said: "We have done more to roll back the frontiers of socialism than any previous Conservative Government."<ref>{{Cite web |date=8 October 1982 |title=Speech to Conservative Party Conference |url=https://www.margaretthatcher.org/document/105032 |url-status=live |archive-url=https://web.archive.org/web/20180408073302/https://www.margaretthatcher.org/document/105032 |archive-date=8 April 2018 |access-date=7 April 2018 |publisher=Margaret Thatcher Foundation}}</ref> She said at the Party Conference the following year that the British people had completely rejected [[state socialism]] and understood "the state has no source of money other than money which people earn themselves [...] There is no such thing as public money; there is only taxpayers' money."<ref>{{Cite web |date=14 October 1983 |title=Speech to Conservative Party Conference |url=https://www.margaretthatcher.org/document/105454 |url-status=live |archive-url=https://web.archive.org/web/20180408010401/https://www.margaretthatcher.org/document/105454 |archive-date=8 April 2018 |access-date=7 April 2018 |publisher=Margaret Thatcher Foundation}}</ref>

By 1987, unemployment was falling, the economy was stable and strong, and inflation was low. Opinion polls showed a comfortable Conservative lead, and [[1987 United Kingdom local elections|local council election]] results had also been successful, prompting Thatcher to call a general election for 11&nbsp;June that year, despite the deadline for an election still being 12 months away. The [[1987 United Kingdom general election|election]] saw Thatcher re-elected for a third successive term.<ref>{{Cite news |title=11 June 1987 |url=https://www.bbc.co.uk/news/special/politics97/background/pastelec/ge87.shtml |url-status=live |archive-url=https://web.archive.org/web/20111203222938/http://www.bbc.co.uk/news/special/politics97/background/pastelec/ge87.shtml |archive-date=3 December 2011 |access-date=14 November 2011 |work=Politics 97 |via=BBC News Online}}</ref>

Thatcher had been firmly opposed to British membership of the [[Exchange Rate Mechanism]] (ERM, a precursor to [[European Economic and Monetary Union]]), believing that it would constrain the British economy,<ref name="ecc">{{Cite news |last=Riddell |first=Peter |author-link=Peter Riddell |date=23 November 1987 |title=Thatcher stands firm against full EMS role |url=http://www.margaretthatcher.org/speeches/displaydocument.asp?docid=106969 |url-status=live |archive-url=https://web.archive.org/web/20080420095953/http://www.margaretthatcher.org/speeches/displaydocument.asp?docid=106969 |archive-date=20 April 2008 |access-date=8 October 2008 |work=Financial Times}}</ref> despite the urging of both Chancellor of the Exchequer [[Nigel Lawson]] and Foreign Secretary Geoffrey Howe;{{sfnp|Thatcher|1993|p=712}} in October 1990 she was persuaded by [[John Major]], Lawson's successor as chancellor, to join the ERM at what proved to be too high a rate.{{sfnp|Marr|2007|p=484}}

Thatcher reformed local government taxes by replacing [[Rates (tax)|domestic rates]] (a tax based on the nominal rental value of a home) with the [[Community Charge]] (or poll tax) in which the same amount was charged to each adult resident.<ref name="polltax">{{Cite news |last=Passell |first=Peter |date=23 April 1990 |title=Furor Over British Poll Tax Imperils Thatcher Ideology |url=https://query.nytimes.com/gst/fullpage.html?res=9C0CE7DD1030F930A15757C0A966958260 |url-status=live |archive-url=https://web.archive.org/web/20130602032717/http://www.nytimes.com/1990/04/23/business/furor-over-british-poll-tax-imperils-thatcher-ideology.html |archive-date=2 June 2013 |access-date=30 October 2008 |work=The New York Times}}</ref> The new tax was introduced in Scotland in 1989 and in England and Wales the following year,{{sfnp|Reitan|2003|pp=87–88}} and proved to be among the most unpopular policies of her premiership.{{r|polltax}} Public disquiet culminated in a 70,000 to 200,000-strong<ref name="trafalgarsq num">{{Cite news |last=Graham |first=David |date=25 March 2010 |title=The Battle of Trafalgar Square: The poll tax riots revisited |url=https://www.independent.co.uk/news/uk/politics/the-battle-of-trafalgar-square-the-poll-tax-riots-revisited-1926873.html |url-status=live |archive-url=https://web.archive.org/web/20180119102840/http://www.independent.co.uk/news/uk/politics/the-battle-of-trafalgar-square-the-poll-tax-riots-revisited-1926873.html |archive-date=19 January 2018 |access-date=8 April 2013 |work=The Independent}}</ref> demonstration in London in March 1990; the demonstration around [[Trafalgar Square]] deteriorated into [[Poll tax riots|riots]], leaving 113 people injured and 340 under arrest.<ref name="otd pt">{{Cite news |title=31 March 1990: Violence flares in poll tax demonstration |url=http://news.bbc.co.uk/onthisday/hi/dates/stories/march/31/newsid_2530000/2530763.stm |url-status=live |archive-url=https://web.archive.org/web/20130409013226/http://news.bbc.co.uk/onthisday/hi/dates/stories/march/31/newsid_2530000/2530763.stm |archive-date=9 April 2013 |access-date=30 October 2008 |work=On This Day 1950–2005 |via=BBC News Online}}</ref> The Community Charge was abolished in 1991 by her successor, John Major.{{r|otd pt}} It has since transpired that Thatcher herself had failed to register for the tax and was threatened with financial penalties if she did not return her form.<ref>{{Cite news |last=Narwan |first=Gurpreet |date=30 December 2016 |title=Threat of fine for unpaid poll tax sent to No 10 |url=https://www.thetimes.com/uk/politics/article/threat-of-fine-for-unpaid-poll-tax-sent-to-no-10-szqwdrlb6 |url-access=subscription |url-status=live |archive-url=https://archive.today/20210821195006/https://www.thetimes.co.uk/article/threat-of-fine-for-unpaid-poll-tax-sent-to-no-10-szqwdrlb6 |archive-date=21 August 2021 |access-date=22 October 2020 |work=[[The Times]]}}</ref>

====Industrial relations====
{{See also|GCHQ trade union ban|Council of Civil Service Unions v Minister for the Civil Service|label2=the GCHQ case}}

Thatcher believed that the [[Trade unions in the United Kingdom|trade unions]] were harmful to both ordinary trade unionists and the public.{{sfnp|Campbell|2011a|pp=89–90}} She was committed to reducing the power of the unions, whose leadership she accused of undermining parliamentary democracy and economic performance through strike action.{{sfnp|Thatcher|1993|pp=97–98, 339–340}} Several unions launched strikes in response to legislation introduced to limit their power, but resistance eventually collapsed.<ref name="thatcher-cw">{{Cite news |title=Margaret Thatcher |url=http://www.cnn.com/SPECIALS/cold.war/kbank/profiles/thatcher |archive-url=https://web.archive.org/web/20080703072749/http://www.cnn.com/SPECIALS/cold.war/kbank/profiles/thatcher |archive-date=3 July 2008 |access-date=29 October 2008 |publisher=CNN}}</ref> Only 39% of union members voted Labour in the 1983 general election.<ref>{{Cite news |last=Revzin |first=Philip |date=23 November 1984 |title=British Labor Unions Begin to Toe the Line, Realizing That the Times Have Changed |work=The Wall Street Journal}}</ref> According to the BBC's political correspondent in 2004, Thatcher "managed to destroy the power of the trade unions for almost a generation".<ref name="bbcstrike">{{Cite news |last=Wilenius |first=Paul |date=5 March 2004 |title=Enemies within: Thatcher and the unions |url=http://news.bbc.co.uk/1/hi/uk_politics/3067563.stm |url-status=live |archive-url=https://web.archive.org/web/20090430144439/http://news.bbc.co.uk/1/hi/uk_politics/3067563.stm |archive-date=30 April 2009 |access-date=29 October 2008 |work=BBC News}}</ref> The [[miners' strike of 1984–85]] was the biggest and most devastating confrontation between the unions and the Thatcher government.<ref>{{Cite news |last=Henry |first=John |date=5 March 2009 |title=When miners took on the government |url=http://news.bbc.co.uk/2/hi/uk_news/england/south_yorkshire/7923138.stm |url-status=live |archive-url=https://web.archive.org/web/20180521105409/http://news.bbc.co.uk/2/hi/uk_news/england/south_yorkshire/7923138.stm |archive-date=21 May 2018 |access-date=20 May 2018 |work=BBC News |location=Yorkshire}}</ref>

[[File:Miners strike rally London 1984.jpg|alt=photograph|thumb|Pro-strike rally in London, 1984]]
In March 1984, the [[National Coal Board]] (NCB) proposed to close 20 of the 174&nbsp;state-owned mines and cut 20,000&nbsp;jobs out of 187,000.<ref name="Glass">{{Cite news |last=Glass |first=Robert |date=16 December 1984 |title=The Uncivilized Side of Britain Rears its Ugly Head |work=The Record |page=37}}</ref><ref name="Black">{{Cite news |last=Black |first=David |date=21 February 2009 |title=Still unbowed, ex-miners to mark 25 years since the start of the strike |url=http://www.thejournal.co.uk/news/north-east-news/still-unbowed-ex-miners-mark-25-4488387 |url-status=dead |archive-url=https://web.archive.org/web/20170812022044/http://www.thejournal.co.uk/news/north-east-news/still-unbowed-ex-miners-mark-25-4488387 |archive-date=12 August 2017 |access-date=5 July 2017 |work=The Journal}}</ref>{{r|pits-closed}} Two-thirds of the country's miners, led by the [[National Union of Mineworkers (Great Britain)|National Union of Mineworkers]] (NUM) under [[Arthur Scargill]], went on strike in protest.{{r|Glass}}<ref name="thatcher-num">{{Cite news |last=Hannan |first=Patrick |author-link=Patrick Hannan (presenter) |date=6 March 2004 |title=Iron Lady versus union baron |url=http://news.bbc.co.uk/2/hi/uk_news/wales/3537463.stm |url-status=live |archive-url=https://web.archive.org/web/20090226200523/http://news.bbc.co.uk/2/hi/uk_news/wales/3537463.stm |archive-date=26 February 2009 |access-date=20 November 2008 |work=BBC News}}</ref><ref name="Jones">{{Cite news |last=Jones |first=Alan |date=3 March 2009 |title=A History of the Miners' Strike |agency=Press Association}}</ref> However, Scargill refused to hold a ballot on the strike,{{sfnp|Adeney|Lloyd|1988|pages=88–89}} having previously lost three ballots on a national strike (in January and October 1982, and March 1983).{{sfnp|Adeney|Lloyd|1988|page=169}} This led to the strike being declared illegal by the [[High Court of Justice]].{{sfnp|Adeney|Lloyd|1988|page=170}}<ref>{{Cite news |title=28 September 1984: Pit dispute 'illegal' says judge |url=http://news.bbc.co.uk/onthisday/hi/dates/stories/september/28/newsid_2540000/2540813.stm |url-status=live |archive-url=https://web.archive.org/web/20181002235052/http://news.bbc.co.uk/onthisday/hi/dates/stories/september/28/newsid_2540000/2540813.stm |archive-date=2 October 2018 |access-date=26 December 2012 |work=On This Day 1950–2005 |via=BBC News Online}}</ref>

Thatcher refused to meet the union's demands and compared the miners' dispute to the [[Falklands War]], declaring in a speech in 1984: "We had to fight the enemy without in the Falklands. We always have to be aware of the enemy within, which is much more difficult to fight and more dangerous to liberty."{{sfnp|Khabaz|2006|p=226}} Thatcher's opponents characterised her words as indicating contempt for the working class and have been employed in criticism of her ever since.{{sfnp|Moore|2015|p=164}}

After a year out on strike in March 1985, the NUM leadership conceded without a deal. The cost to the economy was estimated to be at least £1.5&nbsp;billion, and the strike was blamed for much of the [[Pound sterling|pound]]'s fall against the US dollar.<ref name="Harper">{{Cite news |last=Harper |first=Timothy |date=5 March 1985 |title=Miners return to work today. Bitter coal strike wrenched British economy, society |work=The Dallas Morning News |page=8}}</ref> Thatcher reflected on the end of the strike in her statement that "if anyone has won", it was "the miners who stayed at work" and all those "that have kept Britain going".{{sfnp|Moore|2015|p=178}}

The government closed 25&nbsp;unprofitable coal mines in 1985, and by 1992 a total of 97 mines had been closed;{{r|pits-closed}} those that remained were privatised in 1994.<ref>{{Cite news |date=4 March 2004 |title=UK Coal sees loss crumble to £1m |url=http://news.bbc.co.uk/2/hi/business/3531819.stm |url-status=live |archive-url=https://web.archive.org/web/20110131203228/http://news.bbc.co.uk/2/hi/business/3531819.stm |archive-date=31 January 2011 |access-date=20 November 2008 |work=BBC News}}</ref> The resulting closure of 150&nbsp;coal mines, some of which were not losing money, resulted in the loss of tens of thousands of jobs and had the effect of devastating entire communities.<ref name="pits-closed">{{Cite news |date=5 March 2004 |title=Watching the pits disappear |url=http://news.bbc.co.uk/2/hi/uk_news/3514549.stm |url-status=live |archive-url=https://web.archive.org/web/20080702053420/http://news.bbc.co.uk/2/hi/uk_news/3514549.stm |archive-date=2 July 2008 |access-date=20 November 2008 |work=BBC News}}</ref> Strikes had helped bring down Heath's government, and Thatcher was determined to succeed where he had failed. Her strategy of preparing fuel stocks, appointing hardliner [[Ian MacGregor]] as NCB leader and ensuring that police were adequately trained and equipped with riot gear contributed to her triumph over the striking miners.{{sfnp|Marr|2007|p=411}}

The number of stoppages across the UK peaked at 4,583 in 1979, when more than 29&nbsp;million working days had been lost. In 1984, the year of the miners' strike, there were 1,221, resulting in the loss of more than 27&nbsp;million working days. Stoppages then fell steadily throughout the rest of Thatcher's premiership; in 1990, there were 630 and fewer than 2&nbsp;million working days lost, and they continued to fall thereafter.{{sfnp|Butler|1994|p=375}} Thatcher's tenure also witnessed a sharp decline in trade union density, with the percentage of workers belonging to a trade union falling from 57.3% in 1979 to 49.5% in 1985.{{sfnp|Laybourn|1992|page=208}} In 1979 up until Thatcher's final year in office, trade union membership also fell, from 13.5&nbsp;million in 1979 to fewer than 10&nbsp;million.{{sfnp|Barrell|1994|p=127}}

====Privatisation====
The policy of [[privatisation]] has been called "a crucial ingredient of Thatcherism".{{sfnp|Seldon|Collings|2000|p=27}} After the 1983 election, the sale of state utilities accelerated;{{sfnp|Feigenbaum|Henig|Hamnett|1998|p=71}} more than £29&nbsp;billion was raised from the sale of nationalised industries, and another £18&nbsp;billion from the sale of council houses.{{sfnp|Marr|2007|p=428}} The process of privatisation, especially the preparation of nationalised industries for privatisation, was associated with marked improvements in performance, particularly in terms of [[labour productivity]].{{sfnp|Parker|Martin|1995}}

Some of the privatised industries, including gas, [[Water privatisation in England and Wales|water]], and electricity, were [[natural monopolies]] for which privatisation involved little increase in competition. The privatised industries that demonstrated improvement sometimes did so while still under state ownership. [[British Steel Corporation]] had made great gains in profitability while still a nationalised industry under the government-appointed MacGregor chairmanship, which faced down trade-union opposition to close plants and halve the workforce.{{sfnp|Kirby|2006}} Regulation was also significantly expanded to compensate for the loss of direct government control, with the foundation of regulatory bodies such as [[Oftel]] ([[Telecommunications Act 1984|1984]]), [[Ofgas]] ([[Gas Act 1986|1986]]), and the [[National Rivers Authority]] ([[Water Act 1989|1989]]).{{sfnp|Veljanovski|1990|pp=291–304}} There was no clear pattern to the degree of competition, regulation, and performance among the privatised industries.{{sfnp|Parker|Martin|1995}}

In most cases, privatisation benefited consumers in terms of lower prices and improved efficiency but results overall have been mixed.{{sfnp|McAleese|2004|pp=169–70}} Not all privatised companies have had successful share price trajectories in the longer term.<ref>{{Cite news |last=Simon |first=Emma |date=12 April 2013 |title=Thatcher's legacy: how has privatisation fared? |url=https://www.telegraph.co.uk/finance/personalfinance/investing/shares-and-stock-tips/9989430/Thatchers-legacy-how-has-privatisation-fared.html |url-status=live |archive-url=https://web.archive.org/web/20171015222606/http://www.telegraph.co.uk/finance/personalfinance/investing/shares-and-stock-tips/9989430/Thatchers-legacy-how-has-privatisation-fared.html |archive-date=15 October 2017 |access-date=5 July 2017 |work=The Telegraph}}</ref> A 2010 review by the IEA states: "[{{ucfirst:i]t}} does seem to be the case that once competition and/or effective regulation was introduced, performance improved markedly [...] But I hasten to emphasise again that the literature is not unanimous."<ref>{{Cite web |date=7 November 2000 |title=A Review of Privatisation and Regulation Experience in Britain |url=https://iea.org.uk/publications/research/a-review-of-privatisation-and-regulation-experience-in-britain |url-status=live |archive-url=https://web.archive.org/web/20180220033519/https://iea.org.uk/publications/research/a-review-of-privatisation-and-regulation-experience-in-britain |archive-date=20 February 2018 |access-date=19 February 2018 |publisher=Institute of Economic Affairs}}</ref>

Thatcher always resisted [[privatisation of British Rail|privatising British Rail]] and was said to have told Transport Secretary [[Nicholas Ridley, Baron Ridley of Liddesdale|Nicholas Ridley]]: "Railway privatisation will be the [[wikt:Waterloo#Noun|Waterloo]] of this government. Please never mention the railways to me again." Shortly before her resignation in 1990, she accepted the arguments for privatisation, which her successor John Major implemented in 1994.{{sfnp|Marr|2007|p=495}}

The privatisation of public assets was combined with [[Deregulation#United Kingdom|financial deregulation]] to fuel economic growth. Chancellor Geoffrey Howe abolished the UK's exchange controls in 1979,<ref name="Robertson">{{Cite news |last=Robertson |first=Jamie |date=27 October 2016 |title=How the Big Bang changed the City of London for ever |url=https://www.bbc.co.uk/news/business-37751599 |url-status=live |archive-url=https://web.archive.org/web/20170816022757/http://www.bbc.co.uk/news/business-37751599 |archive-date=16 August 2017 |access-date=19 June 2017 |work=BBC News}}</ref> which allowed more capital to be invested in foreign markets, and the [[Big Bang (financial markets)|Big Bang]] of 1986 removed many restrictions on the [[London Stock Exchange]].{{r|Robertson}}

====Northern Ireland====
[[File:Margaret Thatcher on a visit to Northern Ireland.jpg|thumb|alt=Margaret and Denis Thatcher on a visit to Northern Ireland|Visiting Northern Ireland in 1982]]
In 1980 and 1981, [[Provisional Irish Republican Army]] (PIRA) and [[Irish National Liberation Army]] (INLA) prisoners in Northern Ireland's [[Maze Prison]] carried out [[1981 Irish hunger strike|hunger strikes]] to regain the status of political prisoners that had been removed in 1976 by the preceding Labour government.{{r|strike}} [[Bobby Sands]] began the 1981 strike, saying that he would fast until death unless prison inmates won concessions over their living conditions.<ref name="strike">{{Cite news |title=3 October 1981: IRA Maze hunger strikes at an end |url=http://news.bbc.co.uk/onthisday/hi/dates/stories/october/3/newsid_2451000/2451503.stm |url-status=live |archive-url=https://web.archive.org/web/20180113034637/http://news.bbc.co.uk/onthisday/hi/dates/stories/october/3/newsid_2451000/2451503.stm |archive-date=13 January 2018 |access-date=5 January 2008 |work=On This Day 1950–2005 |via=BBC News Online}}</ref> Thatcher refused to countenance a return to political status for the prisoners, having declared "Crime is crime is crime; it is not political".{{r|strike}} Nevertheless, the British government privately contacted republican leaders in a bid to bring the hunger strikes to an end.<ref>{{Cite news |last=Clarke |first=Liam |date=5 April 2009 |title=Was Gerry Adams complicit over hunger strikers? |url=https://www.margaretthatcher.org/document/111769 |url-status=live |archive-url=https://web.archive.org/web/20201111220938/https://www.margaretthatcher.org/document/111769 |archive-date=11 November 2020 |access-date=23 October 2020 |work=The Sunday Times |via=the Margaret Thatcher Foundation}}</ref> After the deaths of Sands and nine others, the strike ended. Some rights were restored to paramilitary prisoners, but not official recognition of political status.{{r|CAIN-hs}} Violence in Northern Ireland escalated significantly during the hunger strikes.{{sfnp|English|2005|pp=207–08}}

Thatcher narrowly escaped injury in an IRA [[Brighton hotel bombing|assassination attempt]] at a Brighton hotel early in the morning on 12&nbsp;October 1984.<ref name="bbc-bomb">{{Cite news |title=12 October 1984: Tory Cabinet in Brighton bomb blast |url=http://news.bbc.co.uk/onthisday/hi/dates/stories/october/12/newsid_2531000/2531583.stm |url-status=live |archive-url=https://web.archive.org/web/20170308094001/http://news.bbc.co.uk/onthisday/hi/dates/stories/october/12/newsid_2531000/2531583.stm |archive-date=8 March 2017 |access-date=29 October 2008 |work=On This Day 1950–2005 |via=BBC News Online}}</ref> Five people were killed, including the wife of minister [[John Wakeham]]. Thatcher was staying at the hotel to prepare for the Conservative Party conference, which she insisted should open as scheduled the following day.{{r|bbc-bomb}} She delivered her speech as planned,{{sfnp|Thatcher|1993|pp=379–383}} though rewritten from her original draft,<ref>{{Cite news |last=Travis |first=Alan |date=3 October 2014 |title=Thatcher was to call Labour and miners 'enemy within' in abandoned speech |url=https://www.theguardian.com/politics/2014/oct/03/thatcher-labour-miners-enemy-within-brighton-bomb |url-status=live |archive-url=https://web.archive.org/web/20170228014646/https://www.theguardian.com/politics/2014/oct/03/thatcher-labour-miners-enemy-within-brighton-bomb |archive-date=28 February 2017 |access-date=25 May 2017 |work=The Guardian}}</ref> in a move that was supported across the political spectrum and enhanced her popularity with the public.{{sfnp|Lanoue|Headrick|1998}}

On 6&nbsp;November 1981, Thatcher and [[Taoiseach]] (Irish prime minister) [[Garret FitzGerald]] had established the Anglo-Irish Inter-Governmental Council, a forum for meetings between the two governments.<ref name="CAIN-hs">{{Cite web |title=The Hunger Strike of 1981 – A Chronology of Main Events |url=http://cain.ulst.ac.uk/events/hstrike/chronology.htm |url-status=live |archive-url=https://web.archive.org/web/20101206165221/http://cain.ulst.ac.uk/events/hstrike/chronology.htm |archive-date=6 December 2010 |access-date=27 January 2011 |website=[[Conflict Archive on the Internet]] |publisher=Ulster University}}</ref> On 15&nbsp;November 1985, Thatcher and FitzGerald signed the Hillsborough [[Anglo-Irish Agreement]], which marked the first time a British government had given the Republic of Ireland an advisory role in the governance of Northern Ireland. In protest, the [[Ulster Says No]] movement led by [[Ian Paisley]] attracted 100,000 to a rally in Belfast,<ref>{{Cite web |title=Anglo Irish Agreement Chronology |url=http://cain.ulst.ac.uk/events/aia/chron.htm |url-status=dead |archive-url=https://web.archive.org/web/20101206111841/http://cain.ulst.ac.uk/events/aia/chron.htm |archive-date=6 December 2010 |access-date=27 January 2011 |website=Conflict Archive on the Internet |publisher=Ulster University}}</ref> [[Ian Gow]], later assassinated by the PIRA, resigned as [[Minister of State]] in [[HM Treasury]],<ref>{{Cite news |title=15 November 1985: Anglo-Irish agreement signed |url=http://news.bbc.co.uk/onthisday/hi/dates/stories/november/15/newsid_2539000/2539849.stm |url-status=live |archive-url=https://web.archive.org/web/20080307120742/http://news.bbc.co.uk/onthisday/hi/dates/stories/november/15/newsid_2539000/2539849.stm |archive-date=7 March 2008 |access-date=4 May 2010 |work=On This Day 1950–2005 |via=BBC News Online}}</ref>{{sfnp|Moloney|2002|p=336}} and all 15 Unionist MPs resigned their parliamentary seats; only one was not returned in the subsequent [[List of United Kingdom by-elections (1979–2010)|by-elections]] on 23&nbsp;January 1986.{{sfnp|Cochrane|1997|p=143}}