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
Margaret Thatcher "Spitting Image" producer John Lloyd (as co-producer), who in 1979 were teamed up by producer Martin Lewis for the satirical audio album "The Iron Lady", which consisted of skits and songs satirising Thatcher's rise to power. The album was released in September 1979. Thatcher was the subject or the inspiration for 1980s protest songs. Musicians Billy Bragg and Paul Weller helped to form the Red Wedge collective to support Labour in opposition to Thatcher. Known as "Maggie" by supporters and opponents alike, the chant song "Maggie Out" became a signature rallying cry among the left during the latter half of