Margaret Thatcher were officially denied by William Heseltine, the Private Secretary to the Sovereign. 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." Thatcher's economic policy was influenced by monetarist thinking and economists such as Milton Friedman and Alan Walters. Together with Chancellor of the Exchequer Geoffrey Howe, she lowered direct taxes on income and increased indirect taxes. She increased interest rates to slow the growth of the money supply and thereby lower inflation, introduced cash limits on
First May ministry Exchequer George Osborne, Justice Secretary Michael Gove, Culture Secretary John Whittingdale, Education Secretary Nicky Morgan, and Chancellor of the Duchy of Lancaster Oliver Letwin. In addition, May appointed Fiona Hill and Nick Timothy as Downing Street Chiefs of Staff. Both had been political advisers to her at the Home Office, then worked outside government for a brief period before coming back to work on her leadership campaign. First May ministry Theresa May formed the first May ministry on 13 July 2016, after having been invited by Queen Elizabeth II to form a new government. Then the Home Secretary, May's appointment