Friday, June 20, 2025

Margaret Thatcher Is Having a Moment

By John O’Sullivan

Thursday, June 12, 2025

 

Speaking at a Conservative Party election rally at Plymouth in May 2001, almost exactly ten years after her defenestration from the party’s leadership and premiership, Margaret (by then Lady) Thatcher addressed the cheering Tory faithful in confidential terms: “I was told beforehand that my arrival was unscheduled, but on my way here I passed a local cinema and it turns out that you were expecting me after all.”

 

“The [cinema] billboard read The Mummy Returns.”

 

It was a joke with sly implications. She was endorsing the common judgment that her political murder of ten years before had been a case of matricide. She had been killed in broad daylight by “Thatcher’s children,” whom she had raised to the cabinet, with a stake driven through her heart (contrary to rumors that she didn’t have one), and buried at the crossroads at dead of night, a mixture of salt and garlic scattered over her grave. Yet now, not only had she risen from that grave, but before arriving in Plymouth, she showed she had lost none of her taste for blood — sorry, controversy — by venturing on a sharp criticism of multiculturalism.

 

“A multicultural society will never be a united society,” she had said in the election campaign, to the consternation of Tory modernizers who wanted the party to disown her remarks. William Hague, then Tory leader, refused to do so yet managed not to provoke hostile reactions. As The Guardian lamented seven years later, arch-modernizer David Cameron had since reiterated her criticism of multiculturalism to zero public outrage. But the main message of her arch little joke was that the mummy was politically immortal: she had the power not only to rise again but also to kill again — and perhaps other mystical powers too.

 

As good as her word, the mummy rose again in the first quarter of this year, called forth from the vasty deep by desperate Tories hoping she could perform a double miracle — raise not only herself but also the party from the dead — on the pretext of celebrating her 100th birthday.

 

Conveniently enough, Margaret Thatcher, born in October 1925, left them a second significant anniversary to celebrate this year, and doubtless more if the Tories can unearth them. The second is the 50th anniversary of her defeat of Edward Heath in the first round of the Tory leadership contest on February 4, 1975.

 

She didn’t become Tory leader until February 11, when she was elected handsomely over four other contenders in the second round. But the first round was the decisive one. Tories then felt chivalrously that they couldn’t deny the girl the reward of her courage in taking on the party establishment. Tories today rightly sense that her first-round success marked a decisive victory for her brand of conservatism over the anti-traditional managerial style of Heath’s corporate conservatism — “Heathco” to the satirical magazine Private Eye — and they have resolved to celebrate it as a major moment in Tory history.

 

They have been doing so in nostalgic events, which bring together three interesting and overlapping but distinct groups: the surviving veterans of the three Thatcher administrations (1979–90), Tory organizations that have special links to her legacy, such as right-wing women’s groups, and those active politicians and apparatchiks who believe that Thatcherism must be part of any conservative phoenix that rises from the ashes of the last election and — just as important — is then able to fly.

 

***

 

The Thatcher centenary began with three celebrations blending policy debates with nostalgia. Women2Win, a group within the Conservative Party that promotes Tory women candidates, produced a documentary about the 1974 leadership election in which figures on both sides amiably recalled the battle. The Centre for Policy Studies — a think tank that Thatcher and Keith Joseph founded in 1974 to promote (in descending order) her leadership campaign, anti-inflationary economics, and the then-infant concept of Thatcherism — held a conference on how to pull off a similar revival in the even more daunting political environment of the 2024 landslide defeat. A post-Thatcherite think tank, Policy Exchange, where her official biographer, Charles (now Lord) Moore, is now a visiting scholar, began its coverage of the centenary with a panel on the 1975 leadership campaign. That event brought Thatcher and Heath partisans together for a good-humored postmortem on how she won and what it meant historically.

 

I was fortunate enough to be invited to all three occasions, less as a veteran of these Tory wars — that came later — than as a parliamentary sketch writer for the Daily Telegraph who was reporting on them at the time. In that role, I had helped to organize a dinner at a London club for four Telegraph editorial writers and then-candidate Thatcher, which my late and fearless colleague, Frank Johnson, opened as follows: “What will you do when the leadership election is over, Mrs. Thatcher?” She answered, “Well, Frank, I shall be leader of the Conservative Party.” “No,” he said, “I mean, seriously.” She replied: “If I didn’t think I could win, I wouldn’t be standing. I don’t take on hopeless battles. I prepare and win.”

 

Which, of course, she did, and not just during the leadership battle. When in government, she had to cope with the Falklands War, the miners’ strike, inflation, and the Cold War. All of those ended in victories for her, but the miners’ strike was an especially significant one. When the miners first challenged her government, in 1981, she had looked at the odds, decided they were unfavorable, and instructed her energy minister to settle on the miners’ terms. Then she instructed her cabinet to prepare for another such challenge down the road by building up stocks of coal and ensuring they could be moved to power stations, and by empowering the police to restrain “flying pickets” from keeping miners from work by force. When the second miners’ strike duly came, in 1984, she prevailed outright, entrenching her labor union reforms and the constitutional authority of the elected government in one stroke. One very clear lesson from Thatcher’s career is the vital importance of preparation — or, to put it in slightly different language, of intellectual investment in formulating policy.

 

We can see that at present because, by comparison, Britain’s new Labour government made very little intellectual investment during its 14 years in opposition. It shows, too. Labour entered office with few “joined up” ideas of how to govern in a socialist vein, and its first attempts to do so have already been embarrassingly reversed. Last summer’s budget, which added billions in extra public spending, has been followed by a “Don’t say emergency” spring budget that increased taxes and cut benefits to the disabled. Those are at best half-socialist priorities that in part clash with the interests of the modern Labour Party’s base — namely, the administrators and recipients of an expanded welfare state.

 

Despite these cuts, the latest forecasts predict that this year’s deficit will be an astounding 5 percent of GDP. Going ahead, Prime Minister Keir Starmer’s government looks likely to be a shuttlecock batted back and forth between the bond markets and radically statist Labour activists who, in a post-budget poll, pushed Starmer and his chancellor of the exchequer, Rachel Reeves, deep into negative popularity. They also gave top billing to the net-zero fanatic, Energy Minister Ed Miliband, whose ministerial days are probably numbered. All of which suggests that Labour’s governance will combine public unpopularity, schizophrenia on policy, and an endless economic crisis for several years to come.

 

That’s the political atmosphere — likely to be receptive to the financial and economic realism of Thatcherism — in which Tories have now embarked on their own policy rethink. But they will have to solve a range of problems before they can reinsert Thatcherism seamlessly into the next “New Toryism.” The first obstacle they face is the hostile caricature of Thatcher’s economic and social record drawn by a still-angry left, relentlessly regurgitated by the U.K.’s progressive media-academic-cultural complex, and (highly inconveniently) embraced by some conservatives in or near the Tory and Reform Parties. The caricature argues that her anti-inflationary and labor market reforms created an economy in which British workers are “left behind” in run-down, crime-ridden, “sink” housing estates, living on disability benefits, while low-paid immigrants take the unskilled jobs in a deindustrialized economy lagging behind its neighbors. That economy, in turn, is said to have spawned a mass of social problems, from crime to family breakdown. These criticisms echo arguments leveled against Ronald Reagan and Reaganism by some U.S. conservatives.

 

Such criticisms ignore the massive contrast between the outcomes of Thatcher’s (and Reagan’s) policies and those of later governments. Thatcher was elected in June 1979, when the nation was still reeling from the “winter of discontent” of spreading strikes. By the mid-1980s, her reforms had lifted the U.K. economy to the world’s fifth largest, increased its obdurate productivity rate, and revived a spirit of energy and enterprise in the British people. Thatcher’s successful economic policies were continued under John Major’s administration, until Labour’s 1997 victory, when a Treasury official briefing Gordon Brown, the incoming Labour chancellor, on the state of the U.K. economy, said happily: “These are wonderful figures.” (“What do you want me to do?” Brown replied. “Send them a thank-you note?”)

 

Thatcher and Major had kept immigration to an economically manageable and socially assimilable 50,000 individuals a year. Along with labor market reforms, stable finances, and taxation reform, leading to lower rates and higher revenues, this level of immigration filled local labor shortages and played a modest part in helping the economy grow under Tory and Labour governments. But Tony Blair’s Labour government deliberately increased the numbers of immigrants sharply in order to “dish the Tories” (i.e., shape an electorate that would make their opponents unelectable). Tory governments failed to reverse that course — indeed they aggravated it, admitting almost a million immigrants into Britain in the party’s last year in office. A contributory factor was that, from the turn of the century, the U.K. Treasury believed that mass immigration was a surer and cheaper path to prosperity than higher investment in technically advanced industries. As a result, when Reeves, Labour’s new chancellor, took over from Rishi Sunak’s outgoing Conservatives last July, no thanks were necessary. The U.K. economy was reeling from Covid, the lockdown, net zero, inflation, high levels of mass immigration, and much else — though it was still outperforming the major European economies both pre- and post-Brexit.

 

If this bipartisan responsibility for the failures of Britain’s economy is denied, as the left understandably denies it, it’s but a small step to attribute increased crime, family breakdown, the growth of the underclass, and other social evils to Thatcher’s neglect of society and social provision. As a critique of Thatcherism, however, that attack runs slap-bang into the fact that government social spending rose sharply in the Thatcher years. So when did these pathologies start? When did crime start to rise? Illegitimacy to increase? Family breakdown to get seriously worse? Divorce figures to rocket?

 

As it happens, we know the answer to these questions. In his book The Strange Death of Moral Britain, the late Christie Davies, a distinguished Welsh sociologist, established that these major changes started in the 1950s and early 1960s, almost 20 years before Thatcher entered Downing Street. Another expert witness is the socialist writer Jeremy Seabrook, who lamented in his 1978 book What Went Wrong? that low-income council estates (what Americans call public housing) were squalid and crime-ridden, crime was increasingly endemic, illegitimacy was rising, families were being weakened, and an underclass had been created.

 

Note that Seabrook’s book was published the year before Thatcher’s election and four years after Sir Keith Joseph was almost driven out of politics for giving the speech in which he identified these very same social evils as a “cycle of deprivation,” called for policies to tackle them, and suggested (very hesitantly and with moral qualms) that state-supplied contraception might be a “bridge” to the more fundamental cultural and moral changes that were necessary. Britain’s media, the progressive left, “the great and the good” all the way down to the bishops, and critics in all the parties promptly joined in denouncing Joseph for proposing to “sterilize the lower classes.” Serious reformers were frightened off, and the problems of the underclass were fenced off from serious consideration for another decade.

 

Could Thatcher have tackled these pathologies more vigorously in the years that followed? I doubt it. She and her governments did tackle them, in health and education, with different levels of success. Some of their solutions, e.g., in educational reform, ran into the obstacle of the civil service “blob” that weakened essentially conservative reforms by “adding on” quite different objectives. Health reforms, too, multiplied managerial complexities because simpler proposals were considered too controversial. In addition, Blairite ministers reversed some of Thatcher’s reforms — and then reversed them back again. If a case is to be made against her on such grounds, it would have to be that her governments shrank from more fundamental reforms because, as the anti-Joseph hysteria had shown, they carried a high risk of calumny, unpopularity, and defeat.

 

If Thatcher didn’t make the reform of the welfare state the signature policy of her administration, however, she had at least the excuse that she first needed to tackle the larger and more pressing problems of economic decline, inflation, overmighty labor unions, and the Soviet threat. Whatever your judgment on that, Thatcherism can hardly be held responsible for failures that either began a quarter of a century before Thatcher entered office or resumed 18 years after she left it.

 

What is the excuse of later governments?

 

***

 

If Thatcherism is to play a serious part in any revival of the Tory party, the leftist myths about Thatcher’s record will have to be rebutted by serious historians and by party leaders. Her real record is well worth defending. That’s important for the Tories, because Thatcher is one their few remaining serious assets. Keeping her as their sole property is vital for them. Since they lost last year’s election in a landslide, emerging with only 121 seats in a Parliament of 650, they are frequently dismissed as being on their way to extinction. Recent opinion polls have shown Reform to be the most popular of the three leading parties, followed by Labour, with the Tories lagging in third place. In the recent local elections, Reform won hands down, with almost a third of the national total, drawing votes not only from the Tories but also from Labour. It also looked like a more substantial threat to Labour than the Tories, which is a political factor in itself. It negates the main weakness of a new party — namely, that the votes it gains are “wasted” because it can’t win. That fate now threatens the Tories.

 

One unnoticed factor, however, is that Thatcherism has supporters in both of the conservative parties. Reform’s leader, Nigel Farage, in addition to being a naturally gifted politician, is the nearest thing to the perfect Thatcherite outside her old party. Between now and the next election, both conservative parties will be fighting for predominance in every special election and local election. Only as the election looms will they have the evidence of which is stronger and where, which they need if they are to discuss an electoral pact between them at all seriously. That will be a tall order at any time. But one can’t dismiss ideological sympathy when estimating its chances.

 

Even without the challenge of Reform from the right, however, the Tories know that they have to change drastically. That realization undercuts the prediction (made immediately after the general election) that, because the surviving 121 Tory members of Parliament tended to be drawn from the liberal wing of Toryism, they would tilt the party leftward in order to woo the Liberal Democratic vote rather than Reform’s. Most of these “one nation” Tories have since realized that if they were to go down that road, they would lose their party outside Parliament and probably even more votes than last time. The Liberal Democratic pool of votes is smaller than Reform’s, moreover, and every other political party is fishing in it.

 

Also, liberal Toryism is suffering an even deeper identity crisis than the party as a whole. Its traditional concept of political imagination has long been limited to “catching the Whigs bathing and running off with their clothes,” i.e., adopting a more moderate version of the policies of the left. Liberal Tories pursued that policy to destruction, all too well represented by net zero and uncontrolled mass immigration, under the last government. What they cling to now, in policy terms, can best be described as symbolic totems of “niceness” and “moderation” that have nasty consequences, such as continued U.K. membership of the European Court of Human Rights. Liberal Toryism is now — and for some time will be — an exhausted political tradition in need of convalescence and a regime of reading and reflection (and, some would add, penance).

 

Where does that leave other Tory factions? Paradoxically, though the fortunes of the Tory party are low, there is a festive upsurge of many conservative intellectual and moral traditions and organizations all debating what being conservative means and should mean today. Their debates were exemplified by the two think tanks whose conferences I attended, mentioned above, but also by the books, pamphlets, conferences, and podcasts of such new insurgent groups as Peter Whittle’s New Culture Forum, “communitarian” Tory MP Danny Kruger’s New Conservatives, and former Prime Minister Liz Truss’s Popular Conservatism. Oversimplifying greatly, these three groups represent, respectively, the defense of Britain’s history, culture, and identity; the love of home, family, neighborhood, nation — and, in terms of sensibility, religion and beauty; and the defense of democracy and popular liberties against Leviathan at home and in Brussels. All of these themes and memes overlap, interweave, and enrich one another, and they are encouraged to do so by an overlooked social reality: namely, though political parties in a two-party system contain different and potentially quarrelsome groups, the daily experience of working, talking, and “fighting” (i.e., campaigning) together creates a common identity and tradition that have an independent value for all of them. Each then wills the success of the others.

 

Under the influence of such camaraderie, I would argue that the Tory party is capable of bringing all these factions together in three broad groups — “one nation” liberal Tories, Thatcherites, and national conservatives — and then uniting them in a single, largely harmonious party. Liberal Toryism I have already dispatched to a sanatorium for a rest cure, where it can consider its eventual reactions to the likely national and international events that will redraw political and ideological boundaries. Those events are, first, Britain’s serious economic and financial difficulties described above, and, second, a general international shift from global bodies to nation-states and national governments, from liberal institutions to democratic ones, and from elites to voters and their representatives.

 

As I argue above, the first set of challenges plainly advantages the Thatcherites within conservatism. As the word is currently used, Thatcherites are the devotees of economic and financial realism. To borrow a U.S. metaphor about the Fed, they are the people who take away the punch bowl when the party is really getting going. Fortunately for party unity, a significant number of liberal Tories are also market libertarians, which is one of the two ways of being a Thatcherite in the U.K. Enough of them will hold senior positions on the parliamentary front bench to soothe liberal distress and to remind other Tory factions of the need to contain their communitarian and cultural ambitions within the laws of economics.

 

The second shift of political priorities means that the Tory Party will have to adapt its future policies in the direction of a more populist national conservatism, with a stress on patriotism, respect for Britain’s religious and constitutional traditions, opposition to open borders and mass immigration, commonsense skepticism of gender theory, and most obviously the restoration of national democratic sovereignty over supranational technocracy. That national conservatism — inside which most of the smaller factions mentioned above would fit quite comfortably — is what conservative voters plainly want, and they are fed up with not getting it. And all of the above positions are ideas that Thatcher either liked or would have liked if they had been on the political agenda of her day. It will be a long time before the voters take a serious interest in the Tories again. Until then, they should forswear febrile leadership-swapping, invest time and thought into creating a modern political organization and rethinking policies along post-Brexit lines, and give the party’s current able and unorthodox leader Kemi Badenoch the chance to succeed — as the party did in 1974–79.

 

An undeniable Thatcherite who realized very clearly that Thatcherism encompassed all the aforementioned different Tory traditions — indeed, that they helped one another to survive and prosper in good times and bad — was Nigel Lawson, one of her two great chancellors. He defined Thatcherism early and prophetically as follows: “A mixture of free markets, financial discipline, firm control over public expenditure, tax cuts, nationalism, ‘Victorian values’ (of the Samuel Smiles self-help variety), privatization and a dash of populism.”

 

Would Nigel Farage dissent from that? His only known deviation from this right-wing orthodoxy is on gender identity. He thinks he could become an Iron Lady.

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