Margaret Thatcher 50 years on: is Iron Lady's reputation not for turning?

Margaret Thatcher: 'invoked' by Keir Starmer and Kemi Badenoch's 'political heroine'

(Image credit: Bettmann / Getty)

published 11 February 2025

Margaret Thatcher is "still adored and revered" by the Conservative Party, "grudgingly respected" by Labour prime ministers past and present, and "despised and reviled on the left and in many working class communities", said Sky News' Jon Craig.

Fifty years ago this week Thatcher became the Conservative leader and her central ideology of "rolling back the frontiers of the state" continues to have a profound influence on British politics.

'Lessons for Badenoch'

Kemi Badenoch has described Thatcher as her "political heroine", while Keir Starmer invoked her recently when he vowed to cut "the thickets of red tape" in the government's pursuit of economic growth, claiming it was "our equivalent" of the Thatcher government's deregulation in the 1980s.

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But while some see some parallels between 1975 and 2025 – such as another new female Tory leader facing a Labour prime minister – others would argue the similarities "end there". On the evidence so far, "critics would say Kemi Badenoch is no Margaret Thatcher and Keir Starmer is no Harold Wilson".

Thatcher "still has lessons for Badenoch", said Charles Moore in The Telegraph. If Badenoch wants to succeed, she must "cultivate the talents of her best MPs", as Thatcher did with figures like Geoffrey Howe and Nigel Lawson. And rather than trying to "out-shout Reform", Badenoch should "develop her party's thoughts more carefully and systematically". "Time spent in reconnaissance is never wasted" was a favourite phrase of Thatcher's. Voters "might come to admire a party which had put in the work in opposition rather than making the most noise".

'The unfortunate lived present'

This 50-year marker "comes at a melancholy time" when Thatcher's actions are "rebounding on the country with a vengeance", said Polly Toynbee in The Guardian. "Polls show the policies she was most famed for are those most voters now bitterly regret." Thatcher's economic reforms led to soaring wealth at the top while "inequality has stayed at that high level ever since".

Her privatisations resulted in monopolies and financial failures "on an epic scale", which took decades to acknowledge. Conservative think tanks continue to romanticise her "philosophy and vision" while ignoring the long-term economic damage still shaping the present. Thatcher "is not history and certainly not entertainment. She is the unfortunate lived present."

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Sorcha Bradley is a writer at The Week and a regular on “The Week Unwrapped” podcast. She worked at The Week magazine for a year and a half before taking up her current role with the digital team, where she mostly covers UK current affairs and politics. Before joining The Week, Sorcha worked at slow-news start-up Tortoise Media. She has also written for Sky News, The Sunday Times, the London Evening Standard and Grazia magazine, among other publications. She has a master’s in newspaper journalism from City, University of London, where she specialised in political journalism.