I've seen a thread asking about Reagan winning in 1976, so let's try another neocon.
I realise there wasn't a general election in 1976, so I'll put in a bit of backstory for this situation. Following defeat in 1974, the Conservatives oust Edward Heath immediately, rather than allowing him to cling on. In his place, by a slim margin, Thatcher secures leadership of the party. Meanwhile amid turmoil in Harold Wilson's government, an election is called in 1976 in the hope of increasing their tiny majority. So, two questions.
1. Could the Conservatives have won under Thatcher, three years early?
2. If so, what would a Thatcherite late 70s Britain have looked like, and how would she have dealt with the problems that emerged in those years?