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Margaret Thatcher died on 8 April 2013. But the UK’s longest-serving post-war prime minister still casts a long shadow over politics today, more than a decade later.

Only last week the Labour Prime Minister Sir Keir Starmer cited her example in support of his deregulation plans. “In the 1980s, the Thatcher government deregulated finance capital…,” he wrote in The Times, “This is our equivalent.”

No British woman leader other than Elizabeth I has been the subject of so many plays and films, or impersonated by so many actors.

The Iron Lady has been played by Meryl Streep, Gillian Anderson, Lindsay Duncan and Andrea Riseborough, among others.

Harriet Walter takes the lead in the latest Channel 4 drama Brian and Maggie, which recreates a TV interview in which the real Thatcher confirmed to journalist Brian Walden that she did not believe in “equality”.

A year of anniversaries

This is a big year for admirers – and detractors – of Thatcher.

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This October marks 100 years since her birth in Grantham, Lincolnshire, the daughter of a grocer.

The Westminster thinktank Policy Exchange is launching The Thatcher Centenary Project. This week it held its inaugural meeting marking an equally important Thatcher anniversary: 50 years since she became the leader of the Conservative Party.

On 5 February 1979, Thatcher scored a surprise victory over the incumbent Ted Heath in the first round of the Conservative leadership election, winning the votes of 130 MPs to Heath’s 119.

Sir Hugh Fraser MP, husband of the glamorous author Lady Antonia Fraser, also ran, garnering 16 votes.

Edward Heath, behind Margaret Thatcher, at a Conservative Party conference in 1998. Pic: Reuters
Image:
Ted Heath, behind Thatcher, at a Conservative Party conference in 1998, years after she ousted him. Pic: Reuters

Heath was out. He had been elected prime minister in 1970 and took the UK into the European Community, but after an economically damaging period of confrontation with trade unions, he was defeated in two general elections in 1974.

In the second round on 11 February 1975, she was elected leader of the opposition by a majority knock-out, 146 votes to 79 for Willie Whitelaw, 19 each for Jim Prior and Geoffrey Howe, and 11 for John Peyton.

She became the first female leader of a major British political party.

Four years later she beat Labour’s Jim Callaghan in the general election to become Britain’s first woman prime minister.

She would go on to win two further elections, and be prime minister for 11 years, until she was forced out by her party in the autumn of 1990 – a fate she put down to “treachery”.

Margaret Thatcher at the Conservative Party conference in Blackpool in 1985. Pic: Reuters
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Thatcher at the Conservative Party conference in Blackpool in 1985. Pic: Reuters

‘We need impact’

That was more than 30 years ago and does not explain why she is still such a potent icon today, both hated and revered.

The explanation lies partly in the way in which her policies transformed Britain, partly in her political success and partly in the force of her character.

As she wrote in a letter to her daughter Carol: “Brain power is not enough. We need personality and impact as well.”

I started to cover British politics from about 1983 and interviewed Mrs Thatcher quite often.

Adam Boulton Long read
Adam Bolton interviewing Margaret Thatcher
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A younger Adam Boulton interviewing Thatcher

She was great to talk to because she engaged, even with a young reporter, and seemed to enjoy being challenged while arguing her position with conviction.

In her later years in Downing Street, she lost this openness and ability to respond to those who disagreed with her.

Months before her downfall, I remember the cabinet minister Chris Patten complaining: “She’ll have to go. She’s stopped listening.”

In foreign affairs, her years in power included a military victory to retake the Falkland Islands, a genuinely special relationship with US president Ronald Reagan, detente with Mikhail Gorbachev as the Soviet Union imploded and an increasingly sceptical approach to membership of what became the European Union.

President Ronald Reagan and British Prime Minister Margaret Thatcher talk outside the Oval Office at the White House, July 17, 1987.  (AP Photo/Scott Applewhite)
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Ronald Reagan and Thatcher talk outside the Oval Office in July 1987. Pic: AP/Scott Applewhite

At home, Sir Keir is still praising her for the “meaningful change” she made to Britain/he and Rachel Reeves are trying on her clothes as they try to emulate her efforts to “drag Britain out of its stupor by letting loose our natural entrepreneurialism”.

This prime minister is now looking to the private sector to provide homes and build infrastructure.

The milk snatcher

Thatcher’s former speechwriter John O’Sullivan views her election as Tory leader as “the first big victory for radical Conservatism”.

She set about selling off council houses to create a “property-owning democracy” and began privatisation of many nationalised industries.

There was a widescale deindustrialisation of Britain’s traditional heavy industries and simultaneous deregulation which led to a boom in the services and financial sector.

She confronted trade union power and defeated the National Union of Mineworkers’ strike.

A march by striking miners in Nottinghamshire in May 1984. 
Pic: PA Archive
Image:
A march by striking miners in Nottinghamshire in May 1984.
Pic: PA Archive

Unsurprisingly, she became a hate figure to many on the centre and left of British politics.

At my children’s primary school in the 1980s and ’90s there was a playground rhyme about “Margaret Thatcher milk snatcher”, a reference to the cancellation of free milk for school children during her time as Heath’s education secretary.

There is a song “Merry Christmas Maggie Thatcher/ We all celebrate today /’Cause it’s one day closer to your death” in 2005’s Billy Liar The Musical.

The audience voted to keep it in when she died in 2013.

Disciples of the Iron Lady

Thatcher’s legacy has been complicated for Conservative politicians.

They continue to argue over whether Thatcher in her prime would have been a leave or remain voter in the 2016 referendum.

Read more:
Obituary of the Iron Lady
Thatcher refused to share flight with panda
Thirty years on from Thatcher’s No10 exit

She campaigned to join the EEC, enjoyed sparring with Brussels as prime minister, but became a bitter critic in her post-Downing Street decline.

Her immediate successor, John Major, built on Thatcherite policies but was heavily critical of her behaviour as a self-declared “back seat driver”.

Tory leaders since Major have all claimed to be her disciples.

From cold to warm in Labour land

On the Labour side, attitudes have generally warmed up over the years.

Neil Kinnock, the Labour leader who was beaten by Thatcher in 1992 and 1997, insists that the only thing he admires about her is her success as a woman. John Smith challenged her economic approach.

Tony Blair invited her for a private discussion in Number 10 soon after his general election victory and continued to treat her with wary respect.

Gordon Brown went further. He welcomed the then 81-year-old to tea in Downing Street and told journalists: “I admire Lady Thatcher… I am a conviction politician like her.”

Thatcher and Gordon Brown in front of Number 10 in 2007.
Pic: Reuters/Luke MacGregor
Image:
Thatcher and Gordon Brown in front of Number 10 in 2007.
Pic: Reuters/Luke MacGregor

On her death, Ed Miliband paid tribute to a woman who “broke the mould”.

Jeremy Corbyn, the left-winger who led Labour between 2015 and 2020, was the exception.

He stuck by the barbs he had aimed at prime minister Thatcher when he was a backbench Labour MP: “Every week, I speak to renters threatened with eviction. Homeless people struggling to survive. Parents using food banks. Elderly people who can’t afford heating. That is the legacy of Thatcherism. We will never achieve meaningful change until it ends for good.”

Today Sir Keir is happy to strike Thatcherite poses.

Ironically, while some Conservatives are celebrating Thatcher this year, other Tories want to move on.

Kwasi Kwarteng, who served briefly as Liz Truss’s “kamikaze” chancellor, chose this anniversary year to warn “modern politicians” that “they should not indulge in a grotesque cosplay of an idealised Thatcher who only ever existed in their imagination”.

The debate is as lively as ever about Thatcher and her legacy.

MARGARET THATCHER ARRIVING AT NO.10  DOWNING STREET, LONDON AFTER WINNING THE GENERAL ELECTION AND BECOMING THE NEW PRIME MINISTER IN REPLACE OF JAMES CALLAGHAN
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Thatcher arriving at Downing Street after winning her first general election.
Pic: PA

She is not forgotten – whether people actually knew her when she was alive or not.

One thing everyone agrees on is that she always enjoyed a good argument, until her declining years.

With Churchill and Blair she is one of the most memorable British prime ministers of her century and her much-disputed political soul goes marching on into the next one.

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Altcoins may rally in Q2 2025 thanks to improved regulations: Sygnum

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Altcoins may rally in Q2 2025 thanks to improved regulations: Sygnum

Altcoins may rally in Q2 2025 thanks to improved regulations: Sygnum

Altcoins may see a resurgence in the second quarter of 2025 as regulations for digital assets continue to improve, according to Swiss bank Sygnum.

In its Q2 2025 investment outlook, Sygnum said the space has seen “drastically improved” regulations for crypto use cases, creating the foundations for a strong alt-sector rally for the second quarter. However, it added that “none of the positive developments have been priced in.” 

In April, Bitcoin dominance reached a four-year high, signaling that crypto investors are rotating their funds into an asset perceived to be relatively safer. 

But Sygnum believes regulatory developments in the US, such as President Donald Trump’s establishment of a Digital Asset Stockpile and advancing stablecoin regulations, could propel broader crypto adoption.

“We expect protocols successful in gaining user traction to outperform and Bitcoin’s dominance to decline,” Sygnum wrote. 

Increased focus on economic value ignites competition

Sygnum also said that competition would increase as the market focuses on economic value. Increased competition in a market often results in better products, ultimately benefiting consumers: 

“The market’s increased focus on economic value compels greater competition for user growth and revenues, with rising protocols such as Toncoin, Sui, Aptos, Sonic, or Berachain taking different approaches.”

Sygnum added that while high-performance blockchains address limitations of the Bitcoin, Ethereum and Solana blockchains, these chains find it challenging to achieve meaningful adoption and fee income. 

Altcoins may rally in Q2 2025 thanks to improved regulations: Sygnum
Sector breakdown by market capitalization. Source: Sygnum

The report highlighted that some approaches have been more sustainable. These include Berachain’s approach of incentivizing validators to provide liquidity to decentralized finance (DeFi) applications, Sonic’s rewarding developers that attract and retain users, and Toncoin’s Telegram affiliation to access one billion users.

Aside from layer-1 chains, Sygnum highlighted that layer-2 networks like Base also have potential. The report pointed out that while the memecoin frenzy on the blockchain pushed its users and revenue to new highs, it made an equally sharp decline after memecoins started losing steam. 

Despite this, Sygnum noted that Base remains the layer-2 leader in metrics like daily transactions, throughput and total value locked. 

Related: Italy finance minister warns US stablecoins pose bigger threat than tariffs

Memecoins still a leading crypto narrative in Q1

Despite recent price declines, memecoins remained a dominant crypto narrative in Q1 2025. A CoinGecko report recently highlighted that memecoins remained dominant as a crypto narrative in the first quarter of 2025. The crypto data company said memecoins had 27.1% of global investor interest, second only to artificial intelligence tokens, which had 35.7%.

While retail investors are still busy with memecoins, institutions have a different approach. Asset manager Bitwise reported on April 14 that publicly traded firms are stacking up on Bitcoin. At least twelve public companies purchased Bitcoin for the first time in Q1 2025, pushing public firm holdings to $57 billion.

Magazine: Uni students crypto ‘grooming’ scandal, 67K scammed by fake women: Asia Express

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Who’s nicer – Lords or MPs?

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Who's nicer - Lords or MPs?

👉 Click here to listen to Electoral Dysfunction on your podcast app 👈

The two baronesses of the podcast finally lift the lid on the House of Lords in this special Q&A episode. What’s it really like on the red benches in parliament? And if you’re a Lord, are you a has-been?

Also – was Tony Blair actually cool in the 90s? Or was it just a more optimistic time in politics?

Come and join us LIVE on Tuesday 20th May at Cadogan Hall in London, tickets available now: https://www.aegpresents.co.uk/event/electoral-dysfunction-live/

Remember you can also watch us on YouTube!

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Why a ‘Trump-fest’ could be just the tonic for a special relationship under strain

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Why a 'Trump-fest' could be just the tonic for a special relationship under strain

It was perhaps not quite how officials, in London at least, had envisaged the announcement of the state visit would be made.

In the Oval Office, Donald Trump revealed the news in his own way.

“I was invited by the King and the great country. They are going to do a second fest – that’s what it is. It is beautiful,” he said during an impromptu Oval Office moment.

The question was, did this “fest” – which Mr Trump suggested could happen in September – amount to the much hyped second state visit for the American president?

Or was this actually just the smaller visit that had been offered two months ago as an initial bilateral visit at which the state visit would be discussed?

Back in February, Sir Keir Starmer presented the president with a letter from King Charles and the offer of a state visit.

The letter proposed an initial meeting between the King and the president to discuss details of the state visit at either Dumfries House or Balmoral, both in Scotland, close to Mr Trump’s golf clubs.

The King wrote: “Quite apart from this presenting an opportunity to discuss a wide range of issues of mutual interest, it would also offer a valuable chance to plan a historic second state visit to the United Kingdom… As you will know this is unprecedented by a US president. That is why I would find it helpful for us to be able to discuss, together, a range of options for location and programme content.”

As he revealed the news of his “fest” with his “friend Charles”, Mr Trump said: “I think they are setting a date for September…”

Sources have since confirmed to Sky News that it will amount to the full state visit.

Read more from Sky News:
Man hijacks plane and stabs passengers before being shot dead
Evidence contradicts Israel’s account of attack on aid workers

Gang war gripping major cities

Pic: Reuters
Image:
Sir Keir Starmer handed Trump the invite earlier this year. Pic: Reuters

‘Even more important’

It’s possible the initial less formal presidential trip may still happen between now and September. Mr Trump is in Europe for the NATO summit in June and is due in Scotland to open a new golf course soon too.

“It is the second time it has happened to one person. The reason is we have two separate terms, and it’s an honour to be a friend of King Charles and the family, William,” the president said.

“I don’t know how it can be bigger than the last one. The last one was incredible, but they say the next one will be even more important.”

His last state visit in 2019, at the invitation of the late Queen, drew significant protests epitomised by the giant blow-up “Baby Trump” which floated over Parliament Square.

The president was hosted by the Queen in June 2019. Pic: Reuters
Image:
The president was hosted by the Queen in June 2019. Pic: Reuters

Britain’s trump card

September is a little earlier than had been expected for the visit. It may be an advantage for it to happen sooner rather than later, given the profoundly consequential and controversial nature of the first few months of his second term.

The decision by the British government to play its “state visit trump card” up front back in February drew some criticism.

And since February, Mr Trump’s position on numerous issues has been increasingly at odds with all of America’s allies.

On Ukraine, he has seemingly aligned himself closely with Vladimir Putin. His tariffs have caused a global economic shock. And on issues like Greenland and Canada, a member of the Commonwealth, he has generated significant diplomatic shock.

A risk worth taking

Mr Trump is as divisive among the British public as he is in America. Sir Keir is already walking a political tightrope by choosing the softly softly approach with the White House.

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The UK government chose not to retaliate against Mr Trump’s tariffs, unlike some allies. Sir Keir and his cabinet have been at pains not to be seen to criticise the president in any way as they seek to influence him on Ukraine and seek an elusive economic deal on tariffs.

On that tariff deal, despite some positive language from the US side and offers on the table, there has yet to be a breakthrough. A continuing challenge is engaging with the president for decisions and agreements only he, not his cabinet, will make.

British officials acknowledge the risk the state visit poses. In this presidency, anything could happen between now and September.

But they argue British soft power and Mr Trump’s fondness for the Royal Family and pomp – or a “fest” as he calls it – amount to vital diplomatic clout.

For a special relationship under strain, a special state visit is the tonic.

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