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
Third Thatcher ministry European Community. On 14 November, former cabinet minister Michael Heseltine challenged Thatcher's leadership. Thatcher polled higher than him in the first round of the leadership contest, but failed to gain an outright victory in the first round of voting. Within minutes of the result being announced, Thatcher informed reporters that she intended to let her name go forward for the second ballot. However, on 22 November, before a second round of the contest could take place, Margaret Thatcher announced her resignation as Prime Minister and Leader of the Conservative Party after more than 11 years, explaining that she was resigning