Fifty Years of Thatcher: What is her legacy?
Not Another One
Richards Green Montgomerie Martin
4.7 • 566 Ratings
🗓️ 10 February 2025
⏱️ 38 minutes
🧾️ Download transcript
Summary
We begin episode three with the fall of Margaret Thatcher approaching. What triggered her removal in November 1990? Had she lost the plot? Or was it really about Tory tensions over European policy? After explaining the fall, our team discuss Thatcher’s extraordinary and enduring impact on politics ever since. Why do leaders of left and right still invoke her memory and image? Was she one of the great national leaders as her supporters claim, or a malign influence as her detractors would have it? Or is the truth more complicated and the picture nuanced? In episode one in this three part series we charted the rise of Thatcher and in episode two the Not Another One team assessed her record in power.
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Transcript
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| 0:00.0 | Hello and welcome to Not Another One with me Steve Richards, Miranda Green, Ian Martin and Tim Montgomery. |
| 0:18.5 | Thank you so much for tuning in to this, our third and final |
| 0:22.9 | episode on the career of Margaret Thatcher, 50 years since she became leader of the Conservative |
| 0:30.1 | Party. And as I've said at the beginning of the other two, I can't believe it's 50 years. |
| 0:34.4 | But there we are, it is. And it's given us a chance to delve deep and quite often have very varying interpretations of her significance and significant moments. |
| 0:47.5 | And at the end of Part 2, which you can get, if you haven't heard on your podcast feed, we had left her at a tricky moment in that final term. |
| 0:58.4 | She'd won a landslide, huge personal triumph again in 87, apparently almighty, but she began to |
| 1:07.3 | introduce policies that were deeply unpopular, the poll tax and several other things. |
| 1:13.3 | Labour again miles ahead in the opinion polls. |
| 1:17.2 | And we reached the point, very topical at the moment because of the Channel 4 drama, where in the |
| 1:24.4 | autumn of 89, only just after two years since she won that landslide, |
| 1:30.2 | she loses her Chancellor, Nigel Lawson, who walks out over a row, which is interesting. |
| 1:37.4 | He, Lawson, was shadowing the Deutsche mark. |
| 1:40.9 | She, under the advice of her advisor, Alan Walters, said publicly, rebuked him publicly at |
| 1:47.0 | primacy questions, you can't buck the market. |
| 1:51.1 | And Lawson, in the end, lost patience with Alan Walters and her and resigned. |
| 1:56.0 | And many of you will have seen the dramatization of Brian Warden interviewing her days after |
| 2:00.7 | Lawson's resignation. |
| 2:02.6 | Was that moment, Ian, Lawson's resignation, the beginning of the end? |
| 2:08.8 | Yes, it was. I mean, it's, but it's not, it's not just that it was a, it was embarrassing at the time and it was a, you know, a sort of act of political |
| 2:20.1 | destruction, but it just, it, so many things were unraveling for Thatcher here, because at the |
| 2:27.7 | heart of it really is, is European policy. And now, Nigel Lawson, who I have had so much time for, and a view from number 11, his book is... |
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