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1990 Conservative Party Leadership Election
The 1990 Conservative Party leadership election was called on 14 November 1990 following the decision of Michael Heseltine, former Secretary of State for Defence, defence and environment secretary, to challenge Margaret Thatcher, the Premiership of Margaret Thatcher, incumbent Prime Minister of the United Kingdom, for leadership of the Conservative Party (UK), Conservative Party. In the months leading up to the election, Thatcher's position was slipping due to her increasingly divisive and confrontational approach in the United Kingdom. Her Community Charge had proven to be highly unpopular and resulted in Poll tax riots, widespread riots across the country, while her Euroscepticism had begun to become a detriment to the Conservatives. The economy, which was booming, had started to enter the early stages of a Early 1990s recession, recession due to high inflation. The tipping point came in October when Thatcher No. No. No. (Margaret Thatcher), infamously refused the European Co ...
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John Major
Sir John Major (born 29 March 1943) is a British retired 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. Following his defeat to Tony Blair's Labour Party (United Kingdom), Labour Party in the 1997 United Kingdom general election, 1997 general election, he became Leader of the Opposition (United Kingdom), Leader of the Opposition, serving in this role from May to June 1997. He previously held Cabinet of the United Kingdom, Cabinet positions under Margaret Thatcher, his last as Chancellor of the Exchequer from 1989 to 1990. Major was 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. Since stepping down as an MP in 2001, Major has focused on writing and his business, sporting, and charity work, and has occasiona ...
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Third Thatcher Ministry
Margaret Thatcher was Prime Minister of the United Kingdom from 4 May 1979 to 28 November 1990, during which time she led a Conservative majority government. She was the first woman to hold that office. During her premiership, Thatcher moved to liberalise the British economy through deregulation, privatisation, and the promotion of entrepreneurialism. This article details the third Thatcher ministry which 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, the Deputy Prime Minister, long resentful of being ousted as Foreign Secretary, resigned from the cabinet over i ...
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1975 Conservative Party Leadership Election
The 1975 Conservative Party leadership election was held in February 1975. The party's sitting MPs voted Margaret Thatcher as party leader on the second ballot. Incumbent leader Edward Heath stood aside after the first ballot, in which he unexpectedly finished behind Thatcher. The Conservatives were the official Opposition to the Labour government, so Thatcher also became Leader of the Opposition. Background Edward Heath, leader of the Conservative Party and Prime Minister had called and unexpectedly lost the February 1974 general election. Although the Labour Party were able only to form a minority government, the following October 1974 general election saw them obtain a three-seat majority, and it was widely expected that Heath (who had led the party for the previous decade but lost three of the four general elections he contested) would not be leader of the party for much longer. At that time the rules for electing a party leader only applied when the post was vacant an ...
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1989 Conservative Party Leadership Election
The 1989 Conservative Party leadership election took place on 5 December 1989. The incumbent Margaret Thatcher was opposed by the little-known 69-year-old backbencher MP Sir Anthony Meyer. It was the Conservative Party's first leadership election for nearly 15 years, when Thatcher had taken the party leadership. Whilst Thatcher comfortably won with 90% of the vote, the vote showed 60 MPs who didn't vote for her either by choosing Meyer, spoiling the ballots or abstaining. This can be attributed to her increasingly Eurosceptic views on European integration in the late 80s, despite the Conservatives still being pro Europe at the time. The outcome would ultimately undermine Thatcher as her leadership started to come into question. The following year would see Thatcher once again challenged and eventually resigning following public unrest and discontent with her party. Background During 1989 the Conservative government led by Thatcher had run into difficulties. In June Lab ...
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Alan Walters
Sir Alan Arthur Walters (17 June 1926 – 3 January 2009) was a British economist who was best known as the Chief Economic Adviser to Prime Minister Margaret Thatcher from 1981 to 1983 and (after his return from the United States) again for five months in 1989. Early life Walters was born in Leicester. His father was a Communist and a grocer who sold goods from a van. He failed his 11-Plus and attended Alderman Newton's School in Leicester, leaving at fifteen to work as a machine operator in a shoe factory. During World War II, he was called up and joined the British Army as a private. Academic career Walters studied statistics at University College Leicester and then went to Nuffield College, Oxford, where he took an MA in economics. On leaving Nuffield in 1951, he took up a post to teach statistics at Birmingham University, later becoming professor of econometrics and statistics there in the early 1960s. He was one of the first British economists to argue that ...
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Deutsche Mark
The Deutsche Mark (; "German mark (currency), mark"), abbreviated "DM" or "D-Mark" (), was the official currency of West Germany from 1948 until 1990 and later of unified Germany from 1990 until the adoption of the euro in 2002. In English, it was typically called the "Deutschmark" ( ). One Deutsche Mark was divided into 100 pfennigs. It was first issued under Bizone, Allied occupation in 1948 to replace the Reichsmark and served as the Federal Republic of Germany's official currency from its founding the following year. On 31 December 1998, the Council of the European Union fixed the irrevocable exchange rate, effective 1 January 1999, for German mark to euros as DM 1.95583 = €1. In 1999, the Deutsche Mark was replaced by the euro; its coins and banknotes remained in circulation, defined in terms of euros, until the introduction of euro notes and coins on 1 January 2002. The Deutsche Mark ceased to be legal tender immediately upon the introduction of the euro—in contr ...
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Inflation
In economics, inflation is an increase in the average price of goods and services in terms of money. This increase is measured using a price index, typically a consumer price index (CPI). When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of CPI inflation is deflation, a decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. Changes in inflation are widely attributed to fluctuations in Real versus nominal value (economics), real demand for goods and services (also known as demand shocks, including changes in fiscal policy, fiscal or monetary policy), changes in available supplies such as during energy crisis, energy crises (also known as supply shocks), or changes in inflation expectations, which may be self-fulfilling. Moderat ...
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1987 United Kingdom General Election
The 1987 United Kingdom general election was held on Thursday 11 June 1987, to elect 650 members to the House of Commons. The election was the third consecutive general election victory for the Conservative Party, who won a majority of 102 seats and second landslide under the leadership of Margaret Thatcher, who became the first Prime Minister since the Earl of Liverpool in 1820 to lead a party into three successive electoral victories. The Conservatives ran a campaign focusing on lower taxes, a strong economy and strong defence. They also emphasised that unemployment had just fallen below the 3 million mark for the first time since 1981, and inflation was standing at 4%, its lowest level since the 1960s. National newspapers also continued to largely back the Conservative government, particularly ''The Sun'', which ran anti– Labour Party articles with headlines such as "Why I'm backing Kinnock, by Stalin". Labour, led by Neil Kinnock following Michael Foot's resigna ...
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Deputy Prime Minister Of The United Kingdom
The deputy prime minister of the United Kingdom is an honorific title given to a minister of the Crown and a member of the British Cabinet, normally to signify a very senior minister, the deputy leader of the governing party, or a key political ally of the Prime Minister of the United Kingdom, prime minister. It does not entail any specific legal or constitutional responsibilities, though the holder will normally be assigned some duties by the prime minister and in recent times this has typically always included deputising for The Prime Minister in the House of Commons of the United Kingdom, House of Commons, domestically and abroad. Appointment to the position is usually paired with appointment to a departmental secretary of state position. The title is not always in use and prime ministers have been known to appoint deputies with title First Secretary of State, first secretary of state or informal deputies without any honorific title. The current Deputy Prime Minister is A ...
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Foreign Office
Foreign may refer to: Government * Foreign policy, how a country interacts with other countries * Ministry of Foreign Affairs, in many countries ** Foreign Office, a department of the UK government ** Foreign office and foreign minister * United States state law, a legal matter in another state Science and technology * Foreign accent syndrome, a side effect of severe brain injury * Foreign key, a constraint in a relational database Arts and entertainment * Foreign film or world cinema, films and film industries of non-English-speaking countries * Foreign music or world music * Foreign literature or world literature * ''Foreign Policy Foreign policy, also known as external policy, is the set of strategies and actions a State (polity), state employs in its interactions with other states, unions, and international entities. It encompasses a wide range of objectives, includ ...'', a magazine Music * "Foreign", a song by Jessica Mauboy from her 2010 album '' Get 'Em G ...
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Nigel Lawson
Nigel Lawson, Baron Lawson of Blaby, (11 March 1932 – 3 April 2023) was a British politician and journalist. A member of the Conservative Party, he served as Member of Parliament for Blaby in Leicestershire from 1974 to 1992, and served in Margaret Thatcher's Cabinet from 1981 to 1989. Prior to entering the Cabinet, he served as the Financial Secretary to the Treasury from May 1979 until his promotion to Secretary of State for Energy. He was appointed Chancellor of the Exchequer in June 1983 and served until his resignation in October 1989. In both Cabinet posts, Lawson was a key proponent of Thatcher's policies of privatisation of several key industries. Lawson was a backbencher from 1989 until he retired in 1992 and sat in the House of Lords from 1992 to his further retirement in 2022. He remained active in politics as the president of Conservatives for Britain, a campaign for Britain to leave the European Union, and was a prominent critic of the EU. He also served a ...
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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 the head of HM Treasury, 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, 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. Formerl ...
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