Second Thatcher ministry the Cabinet are in bold face. Second 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 second government Thatcher led at the invitation of Queen Elizabeth II from 1983 to 1987. The Conservative government was re-elected in June 1983 with a majority of 144 seats, with Labour in opposition having a
Margaret Thatcher mind. Upon leaving the House of Commons, Thatcher became the first former Prime Minister to set up a foundation; the British wing of the Margaret Thatcher Foundation was dissolved in 2005 due to financial difficulties. She wrote two volumes of memoirs, "The Downing Street Years" (1993) and "The Path to Power" (1995). In 1991 she and her husband Denis moved to a house in Chester Square, a residential garden square in central London's Belgravia district. Thatcher was hired by the tobacco company Philip Morris as a "geopolitical consultant" in July 1992, for $250,000 per year and an annual contribution of