Thatcher and Major clashed over the economy


Margaret Thatcher clashed with John Major about his handling of the economy, just weeks after she resigned from the post of prime minister, the government files reveal.

The National Archives document shows the couple had a heated argument in January 1991.

Mrs Thatcher warned her successor in the PM that was on the verge of committing a “historic mistake” on interest rates.

She was also angry about his plans to abandon one of its signature policies, the poll tax.

Mrs. Thatcher, who was Conservative prime minister between 1979 and 1990, had previously made clear to Mr. Major, who went on to serve as prime minister until 1997, was his chosen successor.

However, as time went on, and the Lord of the Main spoke of his desire to “compassionate” Conservatism, she began to suspect that he intended to follow its own course.

The lord of the Major wrote to Mrs Thatcher on Boxing Day 1990, and invited her to a meeting where they could air and settle their differences.

During the meeting, which took place in Mr Main room in the House of Commons, on the 3rd of January 1991, Mrs Thatcher, warned that “excessively high” interest rates risked pushing the uk economy into recession.

She compared the position of Winston Churchill’s decision as chancellor in 1925 to set the parity of the pound at a high level. This led to deflation, mass unemployment and the General Strike.
Thatcher poll tax calculation error
Birmingham Six the prison of the letter revealed
Thatcher refused to share the flight with the panda

“Mrs Thatcher said that the conditions in the economy were very difficult, in fact,” the official minutes of the meeting, he said. “She believed that there was a danger of repeating Winston Churchill’s historic mistake.”

The lord Further replied that the situation in 1991 was “not remotely comparable”.

Crown Copyright courtesy of the National Archives

But in September of 1992, your government, without success, prevented a devaluation of the pound and the currency is forced to leave the European Exchange rate mechanism (ERM) – a system for tying the pound and other currencies’ values of the German mark.

It was a day that famously became known as Black Wednesday and it was one of the low points of the premiership of Mr. Major, who had been reelected the previous month of April.


In the 1991 meeting, the Lady Thatcher made her clear point of view about the Lord of the principals of the decision to eliminate the poll tax (officially known as the community charge), a policy that had provoked the civil disobedience and riots, as well as a rebellion in the Conservative Party.

“The local authorities would come to the conclusion that it was a bad tax that could put everything that he liked and blame the government,” he said.

The National Archives, Kew, in London, with more than 11 million of official documents, which often opened up as of public records after 30 years. The government is the reduction of this term to 20 years.

Other documents published by the National Archives reveal that:
Margaret Thatcher, once refused to share a flight to Washington with the London Zoo, the male panda bear

You are warned against inviting former us president Richard Nixon to Downing Street in the 1980s, six years after Mr. Nixon’s resignation over the Watergate scandal
John Major has come out with the news that the Queen had agreed to pay income tax, in an attempt to deflect the criticism of the press during its “annus horribilis” in 1992
The european officials considered plans to write billions of dollars of Soviet debt in return for nuclear disarmament
One of the six men wrongly convicted of the Birmingham pub bombings of the brand that the British legal system as incapable of “spelling of the word”justice


But there are some files that have been withheld from public disclosure, including a file that covers the creation of the euro.

Around 100 documents remain unreleased, including the files that meet the marriage of the Prince of Wales and the Duke of York, the Lockerbie bombing, the Scott arms to Iraq inquiry, and the basing of US cruise missiles in the uk.

The Cabinet Office, said the files were retained to safeguard national security and protect the privacy of the people who are still alive.