The liberal democrats are the third biggest party and often seen as a party of the middle, occupy ing the ideological ground between the two major parties. They are comparatively flexible and pragmatic in their balance of the individual and the social. They emphasize the need to change the Britains constitutional arrangements to make the government more democratic and accountable 34. Margaret Thatcher She came into power as Britains first woman Prime Minister in 1979 when her Conservative party won the general election. She advocated the idea of small government and free-market economics. During her term as the Prime Minister, she carried out policies to privatize the nationalized industry and to cut tax rates As a result, many bus inesses boomed but unemployment rate increased She was later rep laced by john major in 1990 35. John major He is the leader of the Conservative party and is the ex-Prime Minister of the uK. In 1990. he was elected the leader of the Conservative party, rep lacing Mrs Thatcher. After he came into power, he has continued to carry out Thatcher s policies but in a milder way 36. relative decline of the UK economyThe Liberal Democrats are the third biggest party and often seen as a party of the “middle”, occupying the ideological ground between the two major parties. They are comparatively flexible and pragmatic in their balance of the individual and the social. They emphasize the need to change the Britain’s constitutional arrangements to make the government more democratic and accountable. 34. Margaret Thatcher She came into power as Britain’s first woman Prime Minister in 1979 when her Conservative party won the general election. She advocated the idea of small government and free-market economics. During her term as the Prime Minister, she carried out policies to privatize the nationalized industry and to cut tax rates. As a result, many businesses boomed but unemployment rate increased. She was later replaced by John Major in 1990. 35. John Major He is the leader of the Conservative party and is the ex-Prime Minister of the UK. In 1990, he was elected the leader of the Conservative party, replacing Mrs Thatcher. After he came into power, he has continued to carry out Thatcher’s policies but in a milder way. 36. relative decline of the UK economy