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Determined lobbying from Mexico's President Jose Lopez Portillo, British Prime Minister Margaret Thatcher and Canadian Prime Minister Pierre Trudeau helped persuade Reagan to attend Cancún. But he had conditions: Cuba's Fidel Castro must not attend, the meeting should not be held before the Ottawa summit, and there must be no fixed agenda...

Author: /time Magazine | Title: Summit: Rendezvous in Canc | 10/26/1981 | See Source »

...banner towed across the gray skies by a small biplane piloted by a fervent Tory supporter. Inside the rococo Winter Gardens ballroom at the seaside resort of Blackpool, the 4,000 delegates to the annual Conservative Party conference last week joined in song and cheers as Prime Minister Margaret Thatcher, a self-assured 56, uncorked a bottle of champagne and cut the birthday cake. Exuding confidence, Thatcher picked up on the theme she had stated briskly on her arrival earlier in the day: "All is well. All is very well...

Author: /time Magazine | Title: Britain: Under Fire | 10/26/1981 | See Source »

Very little, in fact, was well. As her government reaches the midterm mark, Maggie Thatcher is under fire from virtually every direction. Her bold experiment to turn Britain's sluggish economy around by applying relentlessly monetarist policies has produced staggering 12% unemployment and a host of other alarming statistics. Her approval rating has dropped to 28%, a near-record low for any British Prime Minister. Worried over the prospect of running for re-election on the government's dismal record, a number of Tory backbenchers and some senior party members are openly revolting against her policies and questioning...

Author: /time Magazine | Title: Britain: Under Fire | 10/26/1981 | See Source »

...debate over Thatcher's economic policies and the cold, uncaring image she presents have thoroughly unsettled her own party. The division and rancor that broke into the open at Blackpool were a harsh departure from traditional Tory civility. When Thatcher's Home Secretary, William Whitelaw, put forth a relatively mild motion on law-and-order, it was hooted down. Observed Political Commentator Peter Jenkins in the Guardian: "Beneath the incantations of the simple Thatcherite faith is a nasty tone of class grievance and sullen nationalism...

Author: /time Magazine | Title: Britain: Under Fire | 10/26/1981 | See Source »

...attack on Thatcher's economics was led by former Prime Minister Edward Heath, who has never forgiven her for the humiliation she inflicted on him when she defeated him as party leader in 1975. Heath insisted that there was an alternative to monetarism: selective reflation and membership in the European Monetary System. Calling the unemployment rate "morally unjustified," he warned that similar disregard for working people in the 1930s had led to dictatorship and war in Europe. "We have now reached the most critical point...

Author: /time Magazine | Title: Britain: Under Fire | 10/26/1981 | See Source »

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