UK’s Ex-Premier Margaret Thatcher Dies At 87

spokesman Lord Bell has announced.

Lord Bell said: “It is with great sadness that Mark and Carol Thatcher announced that their mother Baroness Thatcher died peacefully following a stroke this morning.

“A further statement will be made later.”

Naij.com peeks at the life and times of the legendary politician:

Margaret Hilda Thatcher, Baroness Thatcher, 13 October 1925 – 8 April 2013, was a British politician, the longest-serving (1979–1990) Prime Minister of the United Kingdom of the 20th century, and the only woman ever to have held the post.

A Soviet journalist called her the “Iron Lady”, a nickname which became associated with her uncompromising politics and leadership style.

As Prime Minister, she implemented Conservative policies that have come to be known as Thatcherism.

Originally a research chemist before becoming a barrister, Thatcher was elected Member of Parliament (MP) for Finchley in 1959. Edward Heath appointed her Secretary of State for Education and Science in his 1970 government. In 1975 Thatcher defeated Heath in the Conservative Party leadership election and became Leader of the Opposition, as well as the first woman to lead a major political party in the United Kingdom. She became Prime Minister after winning the 1979 general election.

After entering 10 Downing Street, Thatcher introduced a series of political and economic initiatives to reverse what she perceived to be Britain’s precipitous national decline.

Her political philosophy and economic policies emphasised deregulation (particularly of the financial sector), flexible labour markets, the privatisation of state-owned companies, and reducing the power and influence of trade unions.

Thatcher’s popularity during her first years in office waned amid recession and high unemployment, until economic recovery and the 1982 Falklands War brought a resurgence of support, resulting in her re-election in 1983.

Thatcher was re-elected for a third term in 1987, but her Community Charge (popularly referred to as “poll tax”) was widely unpopular and her views on the European Community were not shared by others in her Cabinet.

She resigned as Prime Minister and party leader in November 1990, after Michael Heseltine launched a challenge to her leadership. Thatcher held a life peerage as Baroness Thatcher, of Kesteven in the County of Lincolnshire, which entitled her to sit in the House of Lords.

After collapsing at a House of Lords dinner, Thatcher was admitted to St Thomas’ Hospital in central London on 7 March 2008 for tests.

Thatcher returned to 10 Downing Street in late November 2009 for the unveiling of an official portrait by the artist Richard Stone, an unusual honour for a living ex-Prime Minister. Stone had previously painted portraits of the Queen and the Queen Mother.

At the 2010 Conservative Party conference the new Prime Minister David Cameron announced that he would invite Thatcher back to 10 Downing Street on her 85th birthday for a party to be attended by past and present ministers. She pulled out of the celebration because of flu. She was invited to the wedding of Prince William and Catherine Middleton on 29 April 2011 but did not attend, reportedly due to ill health.

On 4 July 2011, Thatcher was to attend a ceremony for the unveiling of a 10-foot statue to former American President Ronald Reagan, outside the American Embassy but was unable to attend due to frail health. On 31 July 2011 it was announced that her office in the House of Lords had been closed down. Earlier in July 2011, Thatcher had been named the most competent British Prime Minister of the past 30 years in an Ipsos MORI poll.

Margaret Thatcher remains a figure who revitalised Britain’s economy, curbed the trade unions, and re-established the nation as a world power. She oversaw an increase from 7% to 25% of adults owning shares, and more than a million families bought their council houses, giving an increase from 55% to 67% in owner-occupiers. Total personal wealth rose by 80% and women’s pay rose dramatically to the highest level on record and stayed there.

Source: Sky News/ Naij.com