Third Thatcher ministry

The Conservatives were elected for a third successive term in June 1987, with a majority of 102 seats. It enabled Margaret Thatcher to become the longest-serving prime minister of the 20th century, as Britain's economic recovery continued.

Then, on 1 November 1990, came the first of a series of events which would spell the end of Margaret Thatcher's years in power. Geoffrey Howe, the Deputy Prime Minister, long resentful of being ousted as Foreign Secretary, resigned from the cabinet over its European policy. Soon afterward, in his resignation speech in the House of Commons, he publicly denounced Thatcher, having once been one of her closest allies, personally and for her hostility towards the programmes of the European Community. On 14 November, former cabinet minister Michael Heseltine challenged Thatcher's leadership. Thatcher polled higher than him in the first round of the leadership contest, but failed to gain an outright victory in the first round of voting.^[1]

Within minutes of the result being announced, Thatcher informed reporters that she intended to let her name go forward for the second ballot.^[2] However, on 22 November, before a second round of the contest could take place, Thatcher announced her resignation as prime minister and Leader of the Conservative Party after more than 11 years, explaining that she was resigning to make way for a leader more likely to win the next general election.

Her successor was the Chancellor of the Exchequer, John Major, who was elected on 27 November 1990, and who at 47 became the youngest Conservative Prime Minister of the 20th century.

Members of the Cabinet are in bold face.