Margaret Thatcher tendency to override collegiate opinion, contributed to discontent within her party. Thatcher removed Geoffrey Howe as Foreign Secretary in July 1989 after he and Lawson had forced her to agree to a plan for Britain to join the European Exchange Rate Mechanism (ERM). Britain joined the ERM in October 1990. On 1 November 1990, Howe, by then the last remaining member of Thatcher's original 1979 cabinet, resigned from his position as Deputy Prime Minister, ostensibly over her open hostility to moves towards European Monetary Union. In his resignation speech on 13 November, Howe commented on Thatcher's openly dismissive attitude to
Mark Thatcher the elevation of his mother to the peerage as a baroness in 1992; he shares this courtesy with his twin sister, Carol. After the death of his father in 2003, he inherited the Thatcher baronetcy which had been awarded in 1990, the first baronetcy created since 1964. Following his conviction in relation to the Equatorial Guinea coup d'état in 2004, it was suggested that he should be stripped of the title. Mark Thatcher Sir Mark Thatcher, 2nd Baronet (born 15 August 1953) is a British businessman. He is the son of Margaret Thatcher, former Prime Minister of the United Kingdom,