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
Diana Gould – Margaret Thatcher exchange the Falklands, but Thatcher avoided repeating that it had not. She said the full facts would be published in about 30 years, adding: "I think it could only be in Britain that a Prime Minister was accused of sinking an enemy ship that was a danger to our navy, when my main motive was to protect the boys in our navy." Gould suggested the sinking had put an end to a Peruvian peace proposal, but according to Thatcher, the proposal had not arrived in London until after the sinking. At several points the women clearly became irritated with one another.