Deciphering Thatcherism: A Comprehensive Analysis

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Thatcher is considered to be one of the most controversial figures in modern British politics and remains the only 20th century Prime Minister to give her name to an ideology. There has never been a clear consensus on the meaning of Thatcherism and it has been used to describe a vast array of ideas. Nigel Lawson, who claims to have invented the term, describes it as ‘a mixture of free markets, financial discipline, firm control over public expenditure, tax cuts, nationalism, ‘Victorian values’…, privatisation and a dash of populism’. Broadly, it can be argued that the main feature of Thatcherism was its opposition to the policies of the ‘post-war consensus’. Both supporters and opponents of Thatcher have created a pattern from disconnected

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