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...signs, Thatcher's second term will be much like the first. "She's shown the color of her money in the first four years," says a senior aide. "She'll follow the same line with even greater vigor." Faced with a divided Labor Party and its disastrous manifesto, the Tories did not feel a need to spell out any new policies in detail. Once again...

Author: /time Magazine | Title: Thatcher Triumphant | 2/18/2008 | See Source »

...however, Thatcher will concentrate on what she sees as her main task: transforming the nation's economy and attitude toward work. She is fond of calling for a return to "Victorian values," by which she means the virtues of thrift and self-reliance, hard work and sense of duty. (In an inspired bit of parody, the liberal New Statesman illustrated a special issue on the subject with a photomontage of Thatcher as Queen Victoria.) As Peregrine Worsthorne, associate editor of the conservative Sunday Telegraph, puts it, Thatcher "is as ignorantly contemptuous of the so-called values of the idle rich...

Author: /time Magazine | Title: Thatcher Triumphant | 2/18/2008 | See Source »

...Thus Thatcher will press more re forms on the labor unions, including legis lation that would require union leaders to stand for re-election every five years and allow union members to opt out of auto matically paying dues to the Labor Party Declining industries such as steel, coal and shipbuilding will be urged to up productivity and modernize facilities. Besides selling more state-owned companies, she will allow some private utilities to compete with public ones. And in her belief that "property induces responsibility in society," Thatcher plans to permit more tenants to buy their government-built homes. hatcher...

Author: /time Magazine | Title: Thatcher Triumphant | 2/18/2008 | See Source »

...Thatcher would like to develop even closer ties to Washington, perhaps setting up regular meetings with Reagan. She will, of course, keep her pledge to improve Britain's nuclear deterrent by buying U.S.-built Trident missiles and accepting the deployment of U.S. cruise missiles at the Greenham Common and Molesworth airbases...

Author: /time Magazine | Title: Thatcher Triumphant | 2/18/2008 | See Source »

...issue of the Falklands, Thatcher insists that the sovereignty of the islands is not negotiable and will be defended at any cost. Indeed, one of her public reprimands...

Author: /time Magazine | Title: Thatcher Triumphant | 2/18/2008 | See Source »

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