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Former British Prime Minister Margaret Thatcher waves from her front doorstep as she returns home after leaving hospital, in London November 1, 2010.
Former British Prime Minister Margaret Thatcher waves from her front doorstep as she returns home after leaving hospital, in London November 1, 2010.
(Andrew Winning/Reuters)

Financial Times

Thatcher legacy lies in a nation’s seismic shift

Margaret Thatcher was the most important peacetime prime minister of the U.K. since the late 19th century. She transformed the Conservative party and British politics, by overturning the ruling assumptions about the relationship between the state and the market. She also was a towering figure on the global stage. Her close ideological connection with U.S. president Ronald Reagan helped give her a role in the world unlikely ever again to be occupied by a British politician.