Former Prime Minister Margaret Thatcher has passed away at the age of 87. 

Her spokesman, Lord Bell confirmed the news this afternoon.

‘It is with great sadness that Mark and Carol Thatcher announced that their mother Baroness Thatcher died peacefully following a stroke this morning.’ he said. ‘A further statement will be made later.’

Margaret, Britain’s only female PM, had been suffering from ill health since having a series of minor strokes over a decade ago, shortly before her beloved husband Denis died.

She spent eleven years at Downing Street before she was made a life peer in1992,  as Baroness Thatcher of Kesteven.

Tributes have already poured in from politicians and celebrities alike.

Lord Alan Sugar tweeted: ‘A great lady she changed the face of British politics, created opportunity for anyone to succeed in the UK.RIP’

Loose Women’s Carol McGiffin said on TV this lunchtime:  ‘I know a lot of people won’t agree with this but I thought she was a great Prime Minister and left the country in a much better state than when she picked it up. That can’t be said for any of the recent Prime Ministers.’

Baroness Thatcher leaves behind two children, Mark and Carol.