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Thatcherism: The closing of the Thatcher era

By Gideon Rachman

Published: December 14 2009 23:24 | Last updated: December 14 2009 23:24

“The British people had given up on socialism. The 30-year experiment had plainly failed – and they were ready to try something else.”

So mused Margaret Thatcher on the eve of her first general election victory on May 3 1979. But in the run-up to the 30th anniversary of the Iron Lady’s arrival in Downing Street, many British people have concluded that once again “a 30-year experiment” has “plainly failed”. This time, however, it is the experiment with Thatcherism.

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