First Thatcher ministry May 1979. The Winter of Discontent had seen the Labour government's popularity slump during the previous four months, and the opinion polls all pointed towards a Conservative victory. The Tories won the election with a majority of 44 seats and their leader Margaret Thatcher became Britain's first female prime minister. Thatcher inherited some of the worst economic statistics of postwar Britain. The nation was still feeling the effects of the numerous strikes during the recent Winter of Discontent. Inflation had recently topped 20%, and unemployment was in excess of 1.5 million for the first time since the 1930s. Thatcher's monetarist
Deputy Prime Minister of the United Kingdom Tyne. William Whitelaw was Margaret Thatcher's "de facto" deputy from 1979–1988, an unofficial position he combined with that of Home Secretary in 1979–1983 and Leader of the House of Lords after 1983. Sir Geoffrey Howe was bestowed the title of Deputy Prime Minister by Thatcher in 1989, on being removed from the post of Foreign Secretary. He resigned as her deputy in 1990, making a resignation speech that is widely thought to have hastened Thatcher's downfall. Thatcher's successor John Major did not appoint a Deputy Prime Minister until 1995, when Michael Heseltine was given the post. John Prescott, who was