First Thatcher ministry took place. Members of the Cabinet are in bold face. First Thatcher ministry Margaret Thatcher was Prime Minister of the United Kingdom from 4 May 1979 to 28 November 1990, during which time she led a Conservative government. She was the first woman to hold that office. During her premiership, Thatcher moved to liberalise the British economy through deregulation, privatisation, and the promotion of entrepreneurialism. This article details the first government Thatcher led at the invitation of Queen Elizabeth II from 1979 to 1983. Following the vote of no confidence against the Labour government and prime minister James Callaghan on
Third Thatcher ministry Inflation, which the first Thatcher government had conquered by 1983, was touching 10% for the first time in eight years. Then, on 1 November 1990, came the first of a series of events which would spell the end of Margaret Thatcher's years in power. Sir Geoffrey Howe, the deputy prime minister, long resentful of being ousted as Foreign Secretary, resigned from the cabinet over its European policy. Soon afterward, in his resignation speech in the House of Commons, he publicly denounced Thatcher, having once been one of her closest allies, personally and for her hostility towards the programmes of the