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
Margaret Thatcher had been cremated. On 28 September, a service for Thatcher was held in the All Saints Chapel of the Royal Hospital Chelsea's Margaret Thatcher Infirmary. In a private ceremony, Thatcher's ashes were interred in the grounds of the hospital, next to those of her husband. Thatcherism represented a systematic and decisive overhaul of the post-war consensus, whereby the major political parties largely agreed on the central themes of Keynesianism, the welfare state, nationalised industry, and close regulation of the economy, and high taxes. Thatcher generally supported the welfare state, while proposing to rid it of abuses. She promised in 1982