The Thatcher Legacy: Dogged fighter for a free market
In 1979, Margaret Thatcher took on the establishment and changed the face of global politics forever, writes Chris Johns.
The 1970s were grim: the collapse of monetary order, IMF bailouts, oil price shocks, unemployment, 'winters of discontent', power strikes and 27 per cent inflation. In one of those strange little coincidences, Jim Callaghan was my MP while I was growing up in Cardiff and Margaret Thatcher my MP when I subsequently lived in Finchley, her constituency in London. Callaghan became prime minister in 1976, to be succeeded by Thatcher in 1979. Thatcher could not...
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