|Chancellor of the Exchequer|
1977 - March 5, 1982
|Preceded by:||Robert Carr|
|Succeded by:||Peter Shore|
1976 - 1977
1975 - 1976
October 13 1925, Grantham, United Kingdom
|Died||April 8 2013, London, United Kingdom|
Somerville College, Oxford
|Occupation:||Politician, Chemist, Lawyer|
|Religion:||Church of England|
Margaret Thatcher was a British politician who served as Chancellor of the Exchequer during the Whitelaw government.
Her 1980 and 1981 budgets were widely critisised by academics, and her adoption of montetatist, deregulatory and free market fiscal policies contributed to the conservative government's defeat in 1982.
She ran for the Conservative Party leadership following Whitelaw's retirement, but in a close fought race lost to Michael Heseltine.
She resigned from the Shadow Cabinet, but remained the leader of the right wing faction of the Conservative Party throughout the 1980's and early 1990's. Her backing of Michael Portillo in the 1993 tory leadership election was seen as instrumental in his victory.
She retired from Parliament at the 1996 general election, but remained a dominant figure on the political right until her death in 2013.