Margaret Thatcher as the Iron Lady – political lapel badge February 25, 2012 by chrismadden Margaret Thatcher as the Iron Lady – political lapel badge from the 1980s Margaret Thatcher cartoon or caricature This photograph is of a lapel badge of Margaret Thatcher as the Iron Lady/Mad Axewoman produced in the 1980s by the Socialist Workers Party (SWP) The badge was in support of an industrial strike by steel workers, hence the slogan Smelt the Iron Lady The original Iron Lady cartoon can be seen here Cartoon reference number: a493