Premiership of Margaret Thatcher that Thatcher proceed cautiously in working with black communities because she believed they gave cannabis to babies. Premiership of Margaret Thatcher Margaret Thatcher served as Prime Minister of the United Kingdom from May 1979 to November 1990. She became Prime Minister after serving as Leader of the Conservative Party since 1975. In domestic affairs, Thatcher is best known for her sweeping policies concerning the affairs of the economy, including the privatisation of most nationalised industries. In foreign policy, she fought a war against Argentina and played a key role with President Ronald Reagan and Soviet leader Mikhail Gorbachev in ending
Margaret Thatcher of the Conservative Party in 1975. As Prime Minister, Thatcher received two honorary distinctions: Two weeks after her resignation, Thatcher was appointed Member of the Order of Merit (OM) by the Queen. Her husband Denis was made a hereditary baronet at the same time. As his wife, Thatcher was entitled to use the honorific style "Lady", an automatically conferred title that she declined to use. She became Lady Thatcher in her own right upon her ennoblement in the House of Lords. In the Falklands, Margaret Thatcher Day has been marked each 10 January since 1992, commemorating her first visit to