Fall of Thatcher and her legacy; Major as leader; economic developments, including 'Black Wednesday' and its impact; political sleaze, scandals and satire; political policies; approach to Northern Ireland; Conservative divisions
John Major replaced Margaret Thatcher as Conservative Prime Minister in 1990. His government struggled with economic crisis, political scandals and deep party divisions before Labour ended 18 years of Conservative rule in 1997.
Real World
On Black Wednesday, 16 September 1992, currency speculator George Soros made over £1 billion in a single day by short-selling the pound, forcing Britain to withdraw from the ERM — an event that destroyed Conservative economic credibility overnight.
Exam Focus
Always explain why Black Wednesday mattered beyond the economic crisis: it permanently transferred the 'economic competence' label from Conservatives to Labour.
Essay Framework
Use PEEL to structure every paragraph. Tap each step for guidance and an example.
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