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...imports from Argentina (amounting to about $1.76 billion per year) effective this week. The British had already cut off all Argentine imports, restricted export credits and frozen Argentine assets worth about $1.5 billion. The ally upon whom Britain was counting the most, however, was the U.S. Said Sir Nicholas Henderson, Britain's Ambassador to Washington: "There is no doubt of the paramount influence of the U.S. After all, Argentina does not have very many friends in the world...

Author: /time Magazine | Title: Face-Off on the High Seas | 2/20/2008 | See Source »

...Britain according to her firmly conservative views. Indeed, the votes had barely been counted last week when she announced a shake-up of her Cabinet. Ousted from his post as Foreign Secretary was Francis Pym, who had differed with Thatcher on a number of issues. His replacement is Sir Geoffrey Howe, who as Thatcher's Chancellor of the Exchequer proved himself a trusted instrument of her economic policies. Howe's successor at Treasury is Nigel Lawson, formerly Secretary of Energy and another loyal Thatcherite. Deputy Prime Minister and Home Secretary William Whitelaw, whom Thatcher considered too moderate, has been elevated...

Author: /time Magazine | Title: Thatcher Triumphant | 2/18/2008 | See Source »

...banks. The moderates wanted Militant Tendency members ousted from the party, but the far left insisted they remain. Though Foot last year vowed that the radicals would run on a Labor ticket "over my dead body," the group stayed, and the Labor leader ended up campaigning with their candidates. Sir Harold Wilson, voicing the frustration of many of his party colleagues at the rise of the leftist militants, bluntly criticized Foot's accommodating stand. "I would not have anything to do with them," he said flatly. "I would sling them out on their necks...

Author: /time Magazine | Title: Thatcher Triumphant | 2/18/2008 | See Source »

...starvation in 1981 at Belfast's Maze prison. She pursued an austere, rigidly monetarist economic line, and when members of her Cabinet protested about the pain it was causing many Britons, she forced out a number of these "wets," her term for the irresolute. Says former Labor Prime Minister Sir Harold Wilson, 67, who retired from politics last month after 38 years in Parliament: "Mrs. Thatcher's image is that of the toughest...

Author: /time Magazine | Title: Thatcher Triumphant | 2/18/2008 | See Source »

...remarkable memory for names of wives and children, and she can be gracious in embarrassing moments. Once, at a dinner at Chequers, a nervous waitress spilled a plate of roast beef and gravy on the Treasury's Sir Geoffrey Howe. Thatcher leaped to the terrified girl's side and comforted her: "There, there, dear. It could happen to anybody...

Author: /time Magazine | Title: Thatcher Triumphant | 2/18/2008 | See Source »

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