First Thatcher ministry took place. Members of the Cabinet are in bold face. First 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 first government Thatcher led at the invitation of Queen Elizabeth II from 1979 to 1983. Following the vote of no confidence against the Labour government and prime minister James Callaghan on
Premiership of Margaret Thatcher her opposition to greater economic integration into the European Community. She also alienated many Conservative voters and Members of Parliament with the imposition of the local poll tax. As her support fell away, she was challenged for the party leadership and persuaded by her Cabinet to withdraw from the second round of voting, ending her eleven-year tenure as Prime Minister. Though she remains a domestically polarising figure, historians and political scientists generally rank Thatcher as an above-average Prime Minister. Biographer John Campbell reports that in July 1978 when asked by a Labour MP in Commons what she meant by socialism: