The Labour leader James Callaghan was defeated by Margaret Thatcher in 1979 and resigned eighteen months later. Foot was elected leader of the Labour Party on November 10, 1980. “I am as strong in my socialist convictions as I have ever been,” he said. Britain was deep in recession. Thatcher was unpopular. Opinion polls put Labour more than ten percentage points ahead of the Conservatives. The next general election was due in May 1984, and there seemed a good chance that Michael Foot could win it and become prime minister.
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