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 badly misinterpreted, arguing that race was never an important focus of Thatcherism. Throughout her premiership, both major parties took similar positions on immigration policy, having in 1981 passed the British Nationality Act with bipartisan support. There were no policies passed or proposed by her government aimed at restricting immigration, and the subject of race was never highlighted by Thatcher in any of her major speeches as Prime Minister. Many of Thatcher's policies had an influence on the Labour Party, which had returned to power in 1997 under Tony Blair. Blair rebranded the party "New Labour" in 1994 with