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
Premiership of Margaret Thatcher and the first to win three successive elections since Lord Palmerston in 1865. Despite her third straight victory she remained a polarising figure. Hatred from the far left motivated scores of songs that "expressed anger, amusement, defiance and ridicule" towards her. Protesters loved to chant the slogan "Maggie Out!" In 1988, Chancellor of the Exchequer Nigel Lawson reacted to a market fall with a reflationary budget, stoking inflation and precipitating a slide in the Government's fortunes. By the time of Thatcher's resignation in 1990, inflation had again hit 10%, the same level she had found it in 1979. Overall, the