The fall of Margaret Thatcher left a legacy that was both contested and divisive. During the 1990s, the Conservative Party, under the impact of divisions on Europe and on economic policy, began to fragment. But, after four election defeats, Labour, under Tony Blair, who relabeled the party New Labour, seemed to be adopting some of the main tenets of Thatcherism. To what extent was there a new consensus in the 1990s, and were the policies of the New Labour government, elected in 1997, an extension of Thatcherism or a repudiation of it?

This is a part of the lecture series Britain in the Twentieth Century: Progress and Decline.

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