As Margaret Thatcher's twilight years fade in, she confronts the ghosts of her remarkable life, from humble beginnings as a Grantham grocer's daughter to shattering glass ceilings as Britain's pioneering Prime Minister. With unwavering conviction, she navigated 11 tumultuous years at Number 10 Downing Street, leaving an indelible mark on British history.
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The narrative unfolds with Thatcher grappling with dementia in the present, where she perceives her late husband, Denis Thatcher, as a ghostly figure at her side. Through a series of poignant flashbacks, we are introduced to a young Margaret Roberts, who works diligently at her family’s grocery store in Grantham. As she listens to her father’s political speeches—of which she is deeply enamored—it becomes apparent that her relationship with her mother, a typical housewife, was fraught with tension.
We discover her academic ambitions as she secures a spot at Somerville College, Oxford University, showcasing her passion for politics over her initial interest in chemistry. Rising from her humble lower-middle-class background, she faces the challenges head-on in a conservative political arena dominated by men. Enigmatic businessman Denis Thatcher, enamored by her articulate nature, proposes to her; she accepts his proposal, making it clear that she refuses to be just an ornamental partner or a traditional homemaker, famously stating, > “I don’t want to die cleaning a teacup.”
Her journey continues as we witness her struggles to fit into the role of a “Lady Member” in the House and her tenure as Education Secretary within Edward Heath’s Cabinet. The film explores her camaraderie with Airey Neave, her bold decision to contest for the leadership of the Conservative Party, and her ultimate triumph, underscoring the efforts she undertakes for image coaching and voice training.
The flashbacks delve into significant historical milestones during her time as Prime Minister after clinching victory in the 1979 General Election. We see the repercussions of her monetarist policies manifesting in rising unemployment, her controversial budget in 1981, and the civil unrest marked by the Brixton riot and the 1984-1985 UK miners’ strike. One harrowing event is the bombing of the Grand Hotel in Brighton during the 1984 Conservative Party Conference, where both she and Denis narrowly escape death. Non-chronologically, we also witness her decisive actions during the Falklands War following the occupation by Argentina in 1982, her alliance with U.S. President Ronald Reagan, and the economic upswing of the late 1980s.
As years progress to 1990, the once formidable Thatcher now appears as an aging leader, defiantly clashing with her cabinet and refusing to acknowledge the discontent over the “Poll Tax,” which incites riots. The resignation of her deputy, Geoffrey Howe, after being publicly humiliated, leads to Michael Heseltine challenging her leadership. Ultimately, she finds her support dwindling among cabinet members, prompting her resignation after eleven years as Prime Minister. In a heartfelt moment, she bids farewell to 10 Downing Street, her eyes brimming with tears as Denis offers his consolation.
As the story draws to a close, Thatcher is confronted with her grief while packing away her late husband’s belongings. Tearfully, she tells Denis it’s time for him to leave her, to which he responds, > “You’re going to be fine on your own… you always have been.” Their separation brings the story full circle as she finds solace in her solitude, contentedly washing a teacup in her kitchen, symbolically embracing her new chapter in life.
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