Margaret Thatcher won the General Election on 3rd May 1979 and lost the following General Election held on 3rd May 1984, exactly five years later. Her government pursued a policy of supply-side economics referred to as monetarism which was discredited by her poor performance along with that of President George Bush, who followed a similar line. All of the by-elections held during her term were won by Labour. Late in the term of her Parliament, she undertook the notorious U-Turn, which involved going back on exactly the policies she had earlier claimed she would never rescind, along with offering an amnesty to a number of tax exiles, including John Lennon. The fortunes of her government were worsened further by the scandal of Cecil Parkinson having a child with his secretary after an affair
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| - Margaret Thatcher (Caroline Era)
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| - Margaret Thatcher won the General Election on 3rd May 1979 and lost the following General Election held on 3rd May 1984, exactly five years later. Her government pursued a policy of supply-side economics referred to as monetarism which was discredited by her poor performance along with that of President George Bush, who followed a similar line. All of the by-elections held during her term were won by Labour. Late in the term of her Parliament, she undertook the notorious U-Turn, which involved going back on exactly the policies she had earlier claimed she would never rescind, along with offering an amnesty to a number of tax exiles, including John Lennon. The fortunes of her government were worsened further by the scandal of Cecil Parkinson having a child with his secretary after an affair
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| abstract
| - Margaret Thatcher won the General Election on 3rd May 1979 and lost the following General Election held on 3rd May 1984, exactly five years later. Her government pursued a policy of supply-side economics referred to as monetarism which was discredited by her poor performance along with that of President George Bush, who followed a similar line. All of the by-elections held during her term were won by Labour. Late in the term of her Parliament, she undertook the notorious U-Turn, which involved going back on exactly the policies she had earlier claimed she would never rescind, along with offering an amnesty to a number of tax exiles, including John Lennon. The fortunes of her government were worsened further by the scandal of Cecil Parkinson having a child with his secretary after an affair. After losing the 1984 General Election, the Tory Reform Group successfully advocated a return to One Nation Conservatism, and Michael Heseltine defeated Margaret Thatcher in 1985. This is generally considered to be the first ideological step in the process which ultimately led to the merging of the Conservative and Labour Parties, to which Mrs Thatcher was vehemently opposed. It is rumoured that Heseltine and Thatcher never spoke again after her defeat.
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