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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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prime Minister Of The United Kingdom
The prime minister of the United Kingdom is the head of government of the United Kingdom. The prime minister Advice (constitutional law), advises the Monarchy of the United Kingdom, sovereign on the exercise of much of the Royal prerogative in the United Kingdom, royal prerogative, chairs the Cabinet of the United Kingdom, Cabinet, and selects its Minister of the Crown, ministers. Modern prime ministers hold office by virtue of their ability to command the confidence of the House of Commons of the United Kingdom, House of Commons, so they are invariably Member of Parliament (United Kingdom), members of Parliament. The office of prime minister is not established by any statute or constitutional document, but exists only by long-established Constitutional conventions of the United Kingdom, convention, whereby the monarch appoints as prime minister the person most likely to Confidence motions in the United Kingdom, command the confidence of the House of Commons. In practice, thi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 (UK), Conservative Party. The current holder of the position is Kemi Badenoch, who was elected to the position on 2 November 2024, following her victory against Robert Jenrick in the party's 2024 Conservative Party leadership election, 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 of the United Kingdom, 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 1911, the reduction of power in the House of Lords suggested that the Conservative leader in the House of Commons of the United Kingdom, House of Commons would be preeminent, but this fact ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michael Heseltine
Michael Ray Dibdin Heseltine, Baron Heseltine, (; born 21 March 1933) is a British politician. Having begun his career as a property developer, he became one of the founders of the publishing house Haymarket Media Group in 1957. Heseltine served as a Conservative Party (UK), Conservative Member of Parliament (United Kingdom), Member of Parliament from 1966 to 2001. He was a prominent figure in the governments of Margaret Thatcher and John Major, and served as Deputy Prime Minister of the United Kingdom, Deputy Prime Minister and First Secretary of State under Major from 1995 to 1997. Heseltine entered the Cabinet of the United Kingdom, Cabinet in 1979 as Secretary of State for the Environment, where he promoted the "Right to Buy" campaign that allowed people 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 and dries, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Community
The European Economic Community (EEC) was a regional organisation 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 Three pillars of the European Union, first pillar of the newly formed European Union (EU) in 1993. In the popular language, the singular ''European Community'' was sometimes inaccurately 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. The EEC was also known as the European Common Market (ECM) in the English-speaking countries, and sometimes referred to as the European Community even before it was officially renamed as such in 1993. In 2009, the EC formally ceased to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 Member of Parliament (United Kingdom), members of Parliament (MPs), who are elected to represent United Kingdom constituencies, constituencies by the First-past-the-post voting, first-past-the-post system and hold their seats until Dissolution of the Parliament of the United Kingdom, Parliament is dissolved. The House of Commons of England began to evolve in the 13th and 14th centuries. In 1707 it became the House of Commons of Great Britain after the Acts of Union 1707, political union with Scotland, and from 1801 it also became the House of Commons for Ireland after the Acts of Union 1800, political union of Great Britain and Ireland. In 1922, the body became the House of Commons of the United Kingdom of Great Britain and No ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Secretary (United Kingdom)
The secretary of state for foreign, commonwealth and development affairs, also known as the foreign secretary, is a Secretary of State (United Kingdom), secretary of state in the Government of the United Kingdom, Government of the United Kingdom, with responsibility for the Foreign, Commonwealth and Development Office. The role is seen as one of the most senior ministers in the UK Government and is a Great Office of State. The incumbent is a member of the Cabinet of the United Kingdom and National Security Council, and reports directly to the Prime Minister of the United Kingdom, prime minister. The officeholder works alongside the other Foreign, Commonwealth and Development Office#Ministers, Foreign Office ministers. The corresponding shadow minister is the Shadow Foreign Secretary. The Foreign Affairs Select Committee also evaluates the secretary of state's performance. The current foreign secretary is David Lammy. He was appointed by Prime Minister Keir Starmer on 5 July 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Entrepreneurialism
Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones. An entrepreneur () is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as "entrepreneurship". The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, often similar to a small business, or (per ''Business Dictionary'') as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit". The people who create these businesses are often referred to as "entrepreneurs". In the field of econ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privatisation
Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous natio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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, and 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 raise ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
