How Margaret Thatcher Revamped Britain's Economy

Tue, April 9, 2013 8:00am

Story by Jim Zarroli




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The only female prime minister Britain has ever had died Monday at age 87. When Margaret Thatcher took office, Great Britain was a county in trouble. Inflation was in double-digits and unemployment was on the rise. The top income tax rate stood at 83 percent and the country was being racked by one labor strike after another.

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